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Commerce 1998 WAEC Past Questions

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51
A transporter who had to sell some perishable goods without the authority of the owner becomes an agent by
  • A. estoppel
  • B. necessity
  • C. ratification
  • D. conduct
  • E. appointment
View Answer & Discuss WAEC 1998
52
A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as
  • A. credit sale
  • B. conditional sale
  • C. hire purchase
  • D. trade-in-sale
  • E. leasing
View Answer & Discuss WAEC 1998
53
Which of the following brings a public corporation into existence
  • A. Certificate of Incorporation
  • B. Certificate of trading
  • C. Acts of Parliament
  • D. Registeration
  • E. Prospectus
View Answer & Discuss WAEC 1998
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54
The set of actions of governments, and other organized bodies in response to users' complaints about goods and services is known as
  • A. Consumer soveriegnty
  • B. consumer protection
  • C. consumer orientation
  • D. consumer loyalty
  • E. consumers' preference
View Answer & Discuss WAEC 1998
55
The words "Account payee only" on a cheque means
  • A. it is transferable
  • B. pay only to the holders account
  • C. a special crossing
  • D. it is a banker's cheque
  • E. it is for endorsement
View Answer & Discuss WAEC 1998
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