Waec Commerce 1998 Past Questions and Answers

Question 51:

• WAEC 1998

A mercantile agent having title to goods in his possession is known as

A. Factor
B. Broker
C. Jobber
D. Auctioneer
E. Stag

Question 52:

• WAEC 1998

A transporter who had to sell some perishable goods without the authority of the owner becomes an agent by

A. Estoppel
B. Necessity
C. Ratification
D. Conduct
E. Appointment

Question 53:

• WAEC 1998

A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as

A. Credit sale
B. Conditional sale
C. Hire purchase
D. Trade-in-sale
E. Leasing

Question 54:

• WAEC 1998

Which of the following brings a public corporation into existence

A. Certificate of Incorporation
B. Certificate of trading
C. Acts of Parliament
D. Registeration
E. Prospectus

Question 55:

• WAEC 1998

The set of actions of governments, and other organized bodies in response to users' complaints about goods and services is known as

A. Consumer soveriegnty
B. Consumer protection
C. Consumer orientation
D. Consumer loyalty
E. Consumers' preference