WAEC Commerce Past Questions & Answers - Page 189

941.

A transporter who does not reject carrying lawful goods to destination is?

A.

tramp vessel

B.

ocean liner

C.

Common carrier

D.

private carrier

Correct answer is C

No explanation has been provided for this answer.

942.

Which of the following provides a proof posting and that the item has got to the addressee?

A.

Certificate of posting

B.

Recorded delivery

C.

Registration latter

D.

Express letter

Correct answer is B

No explanation has been provided for this answer.

943.

Who the following sells among securities in anticipation of a fall in price?

A.

Bear

B.

Stag

C.

Jobber

D.

Bull

Correct answer is A

No explanation has been provided for this answer.

944.

If the insured has been fully indemnified, the insurers are entitled to take any advantage due the insured. The principle of insurance involved is?

A.

indemnity

B.

suborgation

C.

contribution

D.

insurable interest

Correct answer is B

No explanation has been provided for this answer.

945.

Which of the following is taken type of insurance is taken against claims made by staff who get injured while at work?

A.

Fidelity guarantee insurance

B.

Consequential loss insurance

C.

Products' liability insurance

D.

Employers' liability company

Correct answer is D

No explanation has been provided for this answer.