Kamaldeen is a seller in a hire-purchase agreement with Emeka. By law, Kamaldeen cannot recover the hire purchased goods. This is an instance of a restriction on

A company which issues a promissory note in lieu of payment for goods purchased

Kabir receives two quotations. Ade quotes N 100 less 20% trade discount and 20% cash discount while Benson N100 less 30%trade discount and 10% cash discount. If Kabir wants to take advantage and cash discount, then

The term ‘5 Net 7’ on an invoice means that?

The rate at which a central bank discount first class bills is called the

A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages

The overriding advantage of home trade over foreign trade is

Which of the following document permit an importer to inspect his goods before the arrival of the bill of lading?

The document that indicate instant payment of cash for goods whenever the are delivered is

The elimination of fault in a computer programme is called?

1999 JAMB UTME Commerce Past Questions