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Commerce 2017 WAEC Past Questions

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21

an example of an invisible item of trade is?

  • A. oil
  • B. shipping
  • C. machinery
  • D. textile
View Answer & Discuss WAEC 2017
22

in a hire purchase agreement, the buyer is the 

  • A. agent
  • B. hirer
  • C. lesse
  • D. lessor
View Answer & Discuss WAEC 2017
23

which of the following terms is not used in price qoutation for goods

  • A. E. & O,E
  • B. C.I.F
  • C. EX works
  • D. F.A.S
View Answer & Discuss WAEC 2017
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24

Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?

  • A. valuable consideration
  • B. formality
  • C. offer and acceptance
  • D. capacity
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25

which of the following documents is used in home trade only

  • A. bill of lading
  • B. airway bill
  • C. certificate of origin
  • D. proforma invoice
View Answer & Discuss (1) WAEC 2017
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