WAEC Past Questions and Answers - Page 528

2,636.

In the contract of sale of goods,"let the buyer beware" is signified by?

A.

del credere

B.

uberrima fidei

C.

caveat emptor

D.

res ipsa loquitor

E.

caveat vendetta

Correct answer is C

No explanation has been provided for this answer.

2,637.

A counter offer operates as?

A.

an acceptance

B.

an offer

C.

a rejection

D.

an agreement

E.

a contract

Correct answer is C

No explanation has been provided for this answer.

2,638.

Production ends when goods?

A.

and services are used by the producer

B.

are packed and labelled

C.

are sold in the market

D.

and services reach the final user

E.

are advertised to the consumers

Correct answer is D

No explanation has been provided for this answer.

2,639.

Which of the following towns was important to the trans-Saharan traders?

A.

Enugu

B.

Oyo

C.

llorin

D.

Kaduna

E.

Kano

Correct answer is E

No explanation has been provided for this answer.

2,640.

Which of the following support the view that there was commerce in Nigeria many years ago?

A.

The economy was consistent

B.

Specialization was minimal

C.

Cowries were used as money

D.

Horses wee used as means of transportation

E.

Communities were interdependent

Correct answer is E

No explanation has been provided for this answer.