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Commerce 2019 WAEC Past Questions

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26

The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her storey building by fire is 

  • A. contribution
  • B. insurance interest
  • C. proximate cause
  • D. subrogation
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27

The charge paid by a speculator for non-settlement of his account within the specified period is

  • A. backwardation
  • B. brokerage
  • C. commission
  • D. contango
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28

A cheque for which payment is refused due to insufficient funds is a

  • A. bearer cheque
  • B. crossed cheque
  • C. dishonored cheque
  • D. stale cheque
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29

The keyboard of a computer is classified as

  • A. an input device
  • B. a memory device
  • C. an output device
  • D. a storage device
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30

A communication equipment which is stationed in space for sending signals is

  • A. data processor
  • B. internet
  • C. satellite
  • D. telex machine
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