WAEC Past Questions and Answers - Page 184

916.

Which of the following does not aim at protecting the customer?

A.

Sales of Goods Act

B.

Fair Trading Act

C.

Price Control Act

D.

Partnership Act

E.

Foods and Drugs Act

Correct answer is D

No explanation has been provided for this answer.

917.

The contract between ship owners and hires whereby the hires take full control of the ship is called?

A.

time charter

B.

charter by demise

C.

shipping conference

D.

voyage charter

E.

charter party

Correct answer is E

No explanation has been provided for this answer.

918.

Which of the following is not a source of capital?

A.

Personal savings

B.

Credit transfer

C.

Bank Loan

D.

Credit purchase

E.

Debenture

Correct answer is B

No explanation has been provided for this answer.

919.

Which of the following is not included in the Memorandum of Association?

A.

Winding up procedure

B.

Objectives of the company

C.

Address of the registered office

D.

Amount of capital

E.

Conditions for amendment of the memorandum

Correct answer is A

No explanation has been provided for this answer.

920.

A partner who does not play an active role in a business but contributes capital is a

A.

secret partner

B.

dormant partner

C.

nominal partner

D.

limited partner

E.

general partner

Correct answer is B

No explanation has been provided for this answer.