by Sunday | Mar 14 | Commerce WAEC
A. breach B. agreement C. frustration D. performance Correct Answer: Option C C. frustration Explanation frustration of contract; is the Legal termination of a contract due to unforeseen circumstances that (1) prevent achievement of its objectives, (2) render its...
by Sunday | Mar 14 | Commerce WAEC
A. rail B. road C. air D. pipeline Correct Answer: Option A A. rail Explanation Railway transport is cheaper as compared to other means of transport. As a matter of fact, railway transport is even cheaper than road transport because of the reason that goods in bulk...
by Sunday | Mar 14 | Commerce WAEC
A. giving advice on the use of a product B. influencing customers to buy a product C. giving gifts to attract customers D. encouraging specific customers to buy a product Correct Answer: Option A A. giving advice on the use of a product Explanation Informative...
by Sunday | Mar 14 | Commerce WAEC
A. bill of sale B. bill of sight C. bill of entry D. bill of lading Correct Answer: Option D D. bill of lading Explanation A bill of lading is a document issued by a carrier to acknowledge receipt of cargo for shipment. A bill of lading is a contract. It covers the...
by Sunday | Mar 14 | Commerce WAEC
A. store of value B. medium of exchange C. double coincidence of wants D. means of deferred payment Correct Answer: Option C C. double coincidence of wants Explanation The following are some of the functions of money Money as the Medium of Exchange Money as a Store of...