Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
If the charterer delayed the ship beyond the lay days, he is asked to pay
dead freight
demurrage
lump sum
freight
Correct answer is B
No explanation has been provided for this answer.
Premium
sum insured
contribution
compensation
Correct answer is A
No explanation has been provided for this answer.
indemnity
insurable interest
Proximate cause
Utmost good faith
Correct answer is C
No explanation has been provided for this answer.
Insurable interest
Contribution
Utmost good faith
Subrogation
Correct answer is C
No explanation has been provided for this answer.
on which the amount is written only in figures
which has no name
which can be cashed over the counter
which has no specific amount written on it
Correct answer is C
No explanation has been provided for this answer.