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A firm that specializes in packing and shipping of goods is known as a?

by Sunday | Mar 16 | Commerce WAEC

A. forwarding agent B. general agent C. del credere agent D. cargo handling company Correct Answer: Option D D. cargo handling company

A person who gave his building as a security for loan is known as a?

by Sunday | Mar 16 | Commerce WAEC

A. trustee B. mortgagee C. mortgagor D. guarantor Correct Answer: Option D D. guarantor

A retail outlet with many branches all dealing in similar line of goods is described as a?

by Sunday | Mar 16 | Commerce WAEC

A. department store B. supermarket C. chain store D. hypermarket Correct Answer: Option B B. supermarket

An insurance principle which prevents an insured from making profit when compensated is known as?

by Sunday | Mar 16 | Commerce WAEC

A. proximate cause B. indemnity C. insurable interest D. utmost good faith Correct Answer: Option D D. utmost good faith

The term “fiduciary issue” means?

by Sunday | Mar 16 | Commerce WAEC

A. money issued without gold backing B. money issued with gold backing C. money issued as currency note D. gold reserve Correct Answer: Option A A. money issued without gold backing
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