When a bill of exchange is signed by a debtor, it is said to be
accepted
negotiated
honoured
protested
accomodated
Correct answer is A
No explanation has been provided for this answer.
The payment made to the insured for loss incurred is
premium
indemnity
ex gratia payment
surrender value
interest
Correct answer is B
No explanation has been provided for this answer.
When an industry is nationalized, ownership belongs to the
private investors
indigenes
state
shareholders
foreigners
Correct answer is C
No explanation has been provided for this answer.
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.