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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 141:
WAEC 1990
When a business is insolvent it may result in?
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  • A Incorporation
  • B Recuperation
  • C Liquidation
  • D Restoration
  • E Nationalization
View Answer & Explanation
Question 142:
WAEC 1990
In insurance the term Uberrimae fidei stands for?
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  • A Utmost good faith
  • B Suborgation
  • C Insurable interest
  • D Indemnity against loss
  • E Proximate cause
View Answer & Explanation
Question 143:
WAEC 1990
Fidelity guarantee is an insurance cover against loss arising from?
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  • A Trade debts
  • B Personal accidents
  • C Dishonest staff
  • D Fire disaster
  • E Sea disaster
View Answer & Explanation
Question 144:
WAEC 1990
Which of the following is a type of marine insurance?
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  • A Endowment
  • B Freight
  • C Accident
  • D Fidelity
  • E Fire
View Answer & Explanation
Question 145:
WAEC 1990
The word Ltd written after the name of a company means that?
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  • A The individual member's capital is limited
  • B The total sum of the company's capital is limited
  • C Members are liable to the extent of their holding
  • D Company's location is limited
  • E A shareholder has only one vote
View Answer & Explanation

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