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 comprehensive import supervision scheme was set up by the federal government in order to
reverse Nigeria's unfavourable balance of trade
promote fair trade between Nigeria and other countries
counteract all fraudulent business deals of Nigeria with other nationals
ensue that import into Nigeria are of the correct quality, value and quantity
Correct answer is D
No explanation has been provided for this answer.
Nationalization of an industry means that its ownership becomes that of
government
shareholders
taxpayers
indigenes
Correct answer is A
No explanation has been provided for this answer.
an offer and acceptance
an implied contract
a complete simple contract
an offer but no acceptance
Correct answer is D
No explanation has been provided for this answer.
An agreement to sell is distinguishable from sale because in the former, the transfer of goods is
not anticipated
not discussed
deferred
immediate
Correct answer is C
No explanation has been provided for this answer.
Which of the following must be present in an agency by agreement?
intentions
will
consent
authority
Correct answer is A
No explanation has been provided for this answer.