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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 996:
Which of the following serves as a receipt for goods kept in a bonded warehouse?
  • A Dock Warrant
  • B Bill of Sight
  • C Foul bill
  • D Dock due
View Answer & Explanation
Question 997:
Which of the following have lien on goods in their possession until their commission is paid?
  • A Brokers
  • B Factors
  • C Auctioneers
  • D Wholesale merchants
View Answer & Explanation
Question 998:
A picture which indicates that success in life can only be achieved through the use of the product is an example of
  • A Market research
  • B Persuasive advertising
  • C Mass selling
  • D Informative advertising
View Answer & Explanation
Question 999:
A contract of sale of goods where ownership passes to the buyer on the payment of first installment is
  • A Hire purchase
  • B Cash with order
  • C Deferred payment
  • D Cash on delivery
View Answer & Explanation
Question 1000:
Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims
  • A Subrogation
  • B Utmost good faith
  • C Insurable interest
  • D Proximate cost
View Answer & Explanation