Which of the following types of insurance is usually excluded from the principle of indemnity?
Fidelity Guarantee
Fire
Life
Marine
Motor Vehicle
Correct answer is C
No explanation has been provided for this answer.
Which of the following forms part of a company’s Article of Association?
Goodwill and status of shareholders
Name of the company
Nature and object of the business
Registered office
Voting powers and the use of proxy
Correct answer is A
No explanation has been provided for this answer.
Which of the following is NOT a credit instrument?
Bank Notes
Bill of Exchange
Bill of Lading
Cheques
Promissory Notes
Correct answer is C
No explanation has been provided for this answer.
In the event of winding up of a company, who among the following is paid last?
Cumulative preference shareholders
Debenture holders
Ordinary shareholders
Preference Shareholders
Trade creditors
Correct answer is C
No explanation has been provided for this answer.
Billboard
Hand bill
Magazine
Newspaper
Poster
Correct answer is A
No explanation has been provided for this answer.