Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
The document that indicate instant payment of cash for goods whenever the are delivered is
credit note
proforma invoice
debit note
statement of account
Correct answer is D
No explanation has been provided for this answer.
The main document sent to an importer of goods by the exporter are?
invoice, consular invoice, certificate of orign, fright note, indent and insurance policy
indent, bill of lading, certificate of orign, invoice and bill of exchange
certificate of orign, bill of exchange, insurance policy, indent and bill of lading
bill of lading, invoice insurance policy, consular invoice, certificate of orign and bill of exchange
Correct answer is D
No explanation has been provided for this answer.
Emeka's right to terminate the agreement
Kamaldeen's right to re-hire the Goods
Emeka's right to breach the agreement
Kamaldeen's right to terminate the agreement
Correct answer is B
No explanation has been provided for this answer.
A company which issues a promissory note in lieu of payment for goods purchased
can refuse to pay ondue date since it is only a promise
is bound to redeem the note for cash on due date
is not bound to renew the note before payment
can return the goods purchase and refuse to pay
Correct answer is B
No explanation has been provided for this answer.
the material should be supplied by Ade
the material should be supplied by both of them
the material should be supplied by Benson
Benson should be ask to reduce his trade discount
Correct answer is A
No explanation has been provided for this answer.