Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Subrogation
Utmost good faith
Insurable interest
Proximate cost
Correct answer is B
No explanation has been provided for this answer.
hire purchase
cash with order
deferred payment
cash on delivery
Correct answer is C
No explanation has been provided for this answer.
market research
persuasive advertising
mass selling
informative advertising
Correct answer is B
No explanation has been provided for this answer.
Which of the following have lien on goods in their possession until their commission is paid?
Brokers
Factors
Auctioneers
Wholesale merchants
Correct answer is B
No explanation has been provided for this answer.
Which of the following serves as a receipt for goods kept in a bonded warehouse?
Dock Warrant
Bill of Sight
Foul bill
Dock due
Correct answer is A
No explanation has been provided for this answer.