Waec Commerce 2020 Past Questions and Answers

Question 31:

• WAEC 2020

An agreement that is enforceable in law is?

A. An offer
B. A consideration
C. A contract
D. An acceptance

Question 32:

• WAEC 2020

A contract will not be discharged through?

A. Acceptance
B. Aggrement
C. Breach
D. Performance

Question 33:

• WAEC 2020

A person engaged for the purpose of bringing his principal and a third party into a contractual relation is?

A. An arbiter
B. An auctioneer
C. An agent
D. Middlemen

Question 34:

• WAEC 2020

The additional commission paid to agents for guaranteeing payment is?

A. Brokerage
B. Del credere
C. Drawback
D. Demurrage

Question 35:

• WAEC 2020

The transfer of ownership of a business from government to the public is?

A. Commercialization
B. Deregulation
C. Privatization
D. Merger