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1081
Who is liable for the contact entered into by the agent on behalf of his principal? The
A.
agent
B.
principal
C.
agent and the principal
D.
third party
E.
lawyer who drew up the agreement
View Answer & Discuss
WAEC 1991
1082
An agreement whereby the seller transfers the title to goods at a price is called?
A.
contract of sale
B.
a hire-purchase agreement
C.
an agency agreement
D.
a contract of carriage of goods
E.
haggling
View Answer & Discuss
WAEC 1991
1083
The reward of land as a factor of production is known as?
A.
interest
B.
rent
C.
profit
D.
wages
E.
toll
View Answer & Discuss
WAEC 1991
1084
The reward of land as a factor of production is known as?
A.
interest
B.
rent
C.
profit
D.
wages
E.
toll
View Answer & Discuss
WAEC 1991
1085
The outright purchase of one company by another is called?
A.
absorption
B.
merger
C.
cartel
D.
acquisition
E.
privatization
View Answer & Discuss
WAEC 1991
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