Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
In every simple contract, the price which is paid to purchase a promise is called
offeree
acceptance
consideration
representation
Correct answer is C
No explanation has been provided for this answer.
lawful to both
unlawful to both
beneficial to both
detrimental to both
Correct answer is A
No explanation has been provided for this answer.
remunerate Q
reply Q
indemnify Q
settle Q
Correct answer is C
No explanation has been provided for this answer.
The process of bringing a company under exclusive state ownership and control is know as
nationalization
commercialization
indigenization
privatization
Correct answer is A
No explanation has been provided for this answer.
Adigun displays goods of different makes on shelves in his supermarket. This is an example of
invitation to treat
offer to sell
offer to purchase
invitation to sell
Correct answer is A
No explanation has been provided for this answer.