Waec Commerce 2002 Past Questions and Answers

Question 46:

• WAEC 2002

Which of the following is not a method of discharging a contract?

A. Performance
B. Breach
C. Consideration
D. Frustration

Question 47:

• WAEC 2002

In a contract, offer is described as a counter offer if?

A. A new clause is introduced
B. It is not understood
C. It is not addressed to a particular person
D. It leaves no room for renegotiation

Question 48:

• WAEC 2002

In a contract, offer is described as a counter offer if?

A. A new clause is introduced
B. It is not understood
C. It is not addressed to a particular person
D. It leaves no room for renegotiation

Question 49:

• WAEC 2002

The duty of an agent of necessary to a principle is based on?

A. Trust
B. Ability
C. Negotiation
D. Mutual agreement

Question 50:

• WAEC 2002

The process by which government takes over the ownership and control of an existing private business is?

A. Industrialization
B. Privatization
C. Nationalization
D. Commercialization