by Sunday | Jul 29 | Commerce WAEC
A. name of the company B. location of the company C. names of the Board of Directors D. limitation of member’s liability E. objectives of the company Correct Answer: Option C – names of the Board of Directors
by Sunday | Jul 29 | Commerce WAEC
A. the individual member’s capital is limited B. the total sum of the company’s capital is limited C. members are liable to the extent of their holding D. company’s location is limited E. a shareholder has only one vote Correct Answer: Option C...
by Sunday | Jul 29 | Commerce WAEC
A. Endowment B. Freight C. Accident D. Fidelity E. Fire Correct Answer: Option B – Freight Explanation: Marine Insurance is a type of insurance that covers cargo losses or damage caused to ships, cargo vessels, terminals, and any transport in which goods are...
by Sunday | Jul 29 | Commerce WAEC
A. trade debts B. personal accidents C. dishonest staff D. fire disaster E. sea disaster Correct Answer: Option C – dishonest staff
by Sunday | Jul 29 | Commerce WAEC
A. utmost good faith B. suborgation C. insurable interest D. indemnity against loss E. proximate cause Correct Answer: Option A – utmost good faith
by Sunday | Jul 29 | Commerce WAEC
A. incorporation B. recuperation C. liquidation D. restoration E. nationalization Correct Answer: Option C – liquidation
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