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236

The function of a merchant wholesaler is to

  • A. buy in bulk, store and sell to retailerss as desired
  • B. posses title to the goods, store and sale to retailers
  • C. bring buyers and sellers together
  • D. find markets for producers' finished goods
View Answer & Discuss (2) JAMB 2000
237
An invoice can be described as a
  • A. contractual agreement for the sale of goods
  • B. document specifying quantity, description, prices and total value of purchase
  • C. receipt containing necessary information about the goods
  • D. letter specifying the contractual sales of goods between two parties
View Answer & Discuss JAMB 2000
238
Ocean liners are subdivided into
  • A. passenger liner and cargo liners
  • B. coastel liners and cargo liners
  • C. cargo liners and tramp liners
  • D. passenger liners and tramp liners
View Answer & Discuss JAMB 2000
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239
Tourists with no fixed address in a town may receive their letters from the post office through a
  • A. recorded delivery
  • B. poste restante
  • C. parcel post
  • D. postmaster
View Answer & Discuss JAMB 2000
240
The insurance principle that requires full disclosure of information on the insured is known as
  • A. indemnity
  • B. uberrimae fidei
  • C. subrogation
  • D. caveat emptor
View Answer & Discuss JAMB 2000
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