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1761
Mr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated?
  • A. Uberrimae fidei
  • B. Subrogation
  • C. Indemnity
  • D. Proximate cause
  • E. Insurable interest
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1762
The price charged for leasing a ship is known as
  • A. way bill
  • B. haulage
  • C. clean bill
  • D. freight
  • E. demurrage
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1763
Goods in bonded warehouses are under the strict supervision of the
  • A. Customs Authority
  • B. Ports Authority
  • C. Importer
  • D. Clearing agent
  • E. Exporter
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1764
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
  • A. The Nigerian Capital Market Association
  • B. The Securities and Exchange Commmission
  • C. The Nigerian Deposit Insurance Commission
  • D. The Nigerian Reinsurance Corporation
  • E. The Central Bank of Nigeria
View Answer & Discuss WAEC 1996
1765
Which of the following is drawn up as a guide to the running of a Partnership?
  • A. Deed of Agreement
  • B. Partnership Act
  • C. Memorandum of Association
  • D. Prospectus
  • E. Articles of Association
View Answer & Discuss WAEC 1996
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