An undertaking given by a person to another assuring his integrity is
proximate cause
fidelity guarantee
subrogation
insurable interest
Correct answer is B
fidelity guarantee; an undertaking to answer for the payment or performance of another person's debt or obligation in the event of a default by the person primarily responsible for it.
The type of labour that makes use of physical effort in production processes is the
unskilled labour
skilled labour
blue-collar job
white-collar job
Correct answer is A
Unskilled labor refers to Work which requires no special training or experience for performing the work adequately, but require physical strength and energy
In case of a liquidation of a public limited liability company, those that are first paid are
ordinary shareholders
prefernce shareholders
cumulative preference shareholders
debenture holders
Correct answer is D
Debenture-holders are the subscribers to debentures. Debentures are part of loan. A shareholder or member is the joint owner of a company; but a debenture holder is only a creditor of the company. In the event of liquidation, they are paid first before any other class of lenders.
Which of the following is a characteristic of a bearer cheque
it is made with transverse lines
it is made payable to whoever presents it
it is made without transverse lines
it is only payable into the payees account
Correct answer is B
A bearer cheque is payable to the bearer of the cheque.
3/9;net 30
9/27;net 30
30;net 9/3
9/30;net 3
Correct answer is D
9/30;net 3.
This means that, the buyer will get a 3% discount if payment is made on or before day 9