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.
Which of the following is not required in a Memorandum of Association? The
name of the company
location of the company
names of the Board of Directors
limitation of member's liability
objectives of the company
Correct answer is C
No explanation has been provided for this answer.
The word Ltd written after the name of a company means that?
the individual member's capital is limited
the total sum of the company's capital is limited
members are liable to the extent of their holding
company's location is limited
a shareholder has only one vote
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a type of marine insurance?
Endowment
Freight
Accident
Fidelity
Fire
Correct answer is B
No explanation has been provided for this answer.
Fidelity guarantee is an insurance cover against loss arising from?
trade debts
personal accidents
dishonest staff
fire disaster
sea disaster
Correct answer is C
No explanation has been provided for this answer.
In insurance the term Uberrimae fidei stands for?
utmost good faith
suborgation
insurable interest
indemnity against loss
proximate cause
Correct answer is A
No explanation has been provided for this answer.