WAEC Commerce Past Questions & Answers - Page 201

1,001.

Which of the following is not a right of the consumer?

A.

Safety

B.

Choice

C.

Discount

D.

Value

Correct answer is D

No explanation has been provided for this answer.

1,002.

A counter-offer in a contract is regarded as?

A.

an acceptance

B.

an invitation to treat

C.

a rejection

D.

a consideration

Correct answer is C

No explanation has been provided for this answer.

1,003.

Which of the following is not a requirement for a valid contract?

A.

Represention

B.

Consideration

C.

Interest

D.

Performance

Correct answer is B

No explanation has been provided for this answer.

1,004.

Which of the following is not a means of consumer protection?

A.

Price control

B.

Sales Goods Act

C.

Trade Description act

D.

Tax laws

Correct answer is D

No explanation has been provided for this answer.

1,005.

Which of the following agent guarantees payment for transaction entered into on half the principal?

A.

Auctioneer

B.

Factor

C.

Broker

D.

Del creder

Correct answer is B

No explanation has been provided for this answer.