Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

85

Payment to a ship owner for carrying one’s cargo is

  • A. demurrage
  • B. fare
  • C. dock due
  • D. freight
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86

The reward received by a party in a contract agreement is known as

  • A. consideration
  • B. acceptance
  • C. offer
  • D. warranty
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87

The reward received by a party in a contract agreement is known as

  • A. consideration
  • B. acceptance
  • C. offer
  • D. warranty
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88

When the government gives up its ownership and control of a business to individuals, this is known as

  • A. nationalization
  • B. commercialization
  • C. privatization
  • D. indigenization
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89

When the government gives up its ownership and control of a business to individuals, this is known as

  • A. nationalization
  • B. commercialization
  • C. privatization
  • D. indigenization
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