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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4561

An agreement that is enforceable in law is

 

  • A. an offer
  • B. a consideration
  • C. an acceptance
  • D. a contract
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4562

When a public company receives the certificate of incorporation, this implies that

 

  • A. the company's assets exist separately from those of its members
  • B. it can no longer sue or be sued
  • C. the company's finds it difficult to raise capital
  • D. it can go ahead and start business
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4563

Which of the following types of insurance is taken against claims made by staff who get injured while at work?

 

  • A. Employers' liability insurance
  • B. Fidelity guarantee insurance
  • C. Consequential loss insurance
  • D. Products liability insurance
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4564

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. subrogation
  • C. proximate cause
  • D. insurable interest
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4565

Which of the following is a source of capital to a sole proprietorship?

 

  • A. Issue of debenture
  • B. Issue of shares
  • C. Loans from friends
  • D. Admission of new member
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