WAEC Past Questions and Answers - Page 186

926.

The law governing the operations of companies and partnership in Nigeria is the

A.

Nigerian Companies Decree

B.

Nigerian Partnership Act

C.

Nigerian Enterprises Promotion Decree

D.

Companies And Allied Matters Decree

E.

Sale of Goods Act

Correct answer is D

No explanation has been provided for this answer.

927.

Which of the following is drawn up as a guide to the running of a Partnership?

A.

Deed of Agreement

B.

Partnership Act

C.

Memorandum of Association

D.

Prospectus

E.

Articles of Association

Correct answer is A

No explanation has been provided for this answer.

928.

Goods in bonded warehouses are under the strict supervision of the

A.

Customs Authority

B.

Ports Authority

C.

Importer

D.

Clearing agent

E.

Exporter

Correct answer is A

No explanation has been provided for this answer.

929.

The price charged for leasing a ship is known as

A.

way bill

B.

haulage

C.

clean bill

D.

freight

E.

demurrage

Correct answer is D

No explanation has been provided for this answer.

930.

Mr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated?

A.

Uberrimae fidei

B.

Subrogation

C.

Indemnity

D.

Proximate cause

E.

Insurable interest

Correct answer is D

No explanation has been provided for this answer.