WAEC Commerce Past Questions & Answers - Page 68

336.

Which of the following statements cannot be found in a partnership deed?

A.

Names of partners

B.

Nature of business

C.

Payment of tax

D.

Interest on capital

Correct answer is C

No explanation has been provided for this answer.

337.

A shop that sells only products of a particular manufacturer is known as

A.

mobile shop

B.

unit shop

C.

tied shop

D.

small shop

Correct answer is C

No explanation has been provided for this answer.

338.

The main purpose of sending delivery notes along with goods is to

A.

enable the goods to be checked on arrival

B.

enable the buyer to pay the correct delivery charges

C.

ensure the safe delivery of the goods

D.

prevent the goods from being stolen in transit

Correct answer is A

No explanation has been provided for this answer.

339.

An agreement whereby the seller transfers or agrees to transfer the property in goods for a monetary consideration is a

A.

contract of sale

B.

hire purchase

C.

conditional sale

D.

party selling

Correct answer is A

No explanation has been provided for this answer.

340.

A transaction where the buyer of a commodity becomes its legal owner after the payment of the last installment is

A.

a credit sale

B.

factoring

C.

hire purchase

D.

leasing

Correct answer is C

No explanation has been provided for this answer.