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.
Valuable consideration
Formality
Offer and acceptance
Capacity
Consensus ad idem
Correct answer is B
No explanation has been provided for this answer.
An agent with authority to bind his principal in everything, provided he acts lawfully is called
a del credere agent
a special agent
a universal agent
a factor
an aunctioneer
Correct answer is C
No explanation has been provided for this answer.
planning
controlling
motivation
directing
organizing
Correct answer is E
No explanation has been provided for this answer.
A restriction on the quantity of a commodity that could be imported is known as
licence
price control
quota
tariff
ban
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a function of merchant banks?
Granting long term loans
Advising corporate institutions
Underwriting shares
Discounting bills
Printing new bank notes
Correct answer is E
No explanation has been provided for this answer.