Waec Commerce 1999 Past Questions and Answers

Question 46:

• WAEC 1999

A picture which indicates that success in life can only be achieved through the use of the product is an example of

A. Market research
B. Persuasive advertising
C. Mass selling
D. Informative advertising

Question 47:

• WAEC 1999

A contract of sale of goods where ownership passes to the buyer on the payment of first installment is

A. Hire purchase
B. Cash with order
C. Deferred payment
D. Cash on delivery

Question 48:

• WAEC 1999

Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims

A. Subrogation
B. Utmost good faith
C. Insurable interest
D. Proximate cost

Question 49:

• WAEC 1999

A bill of exchange is retired when it is

A. Paid before maturity
B. Marked "accepted"
C. Discounted
D. Dishonoured

Question 50:

• WAEC 1999

State and explain any five classes of shares a public limited company can issue.