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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4566

A contract to take possession of goods on installment

 

  • A. trade-in-sale
  • B. hire purchase
  • C. conditional sale
  • D. credit sale
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4567

Which of the following describes the reason for international trade?

 

  • A. Balance of payment
  • B. Absolute cost advantage
  • C. Balance of trade
  • D. Comparative cost advantage
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4568

A new offer of contract that terminates the original offer is

 

  • A. an invalid offer
  • B. a void contract
  • C. a counter offer
  • D. quasi contract
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4569

Public enterprises are financed mainly by

 

  • A. commercial banks
  • B. the shareholders
  • C. the world bank
  • D. government grants
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4570

Which of the following is most appropriate for a "Cash with Order" terms of sale?

 

  • A. Debit note
  • B. Consignment note
  • C. Credit note
  • D. Proforma invoice
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