waecE-LEARNING
Home
Technical
Mathematics
Languages
Science
Social Science
Art
Literature Arabic Islamic Studies C.R.KHistory MusicVisual Art Clothing/Textile Home Management Shorthand
 
Commerce Paper 2, Nov/Dec. 2008  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments
Strength
Weakness/Remedies

 












Question 4

Explain each of the following:

  • Universal agents
  • General agents
  • Special agents
  • Factors
  • Brokers

     

_____________________________________________________________________________________________________

observation

Candidates showed very good knowledge of factors and brokers but many could not differentiate between universal, special and general agents.   The answers expected were:
1.  Universal agent           -           has unrestricted authority.
2.  General Agent             -           has authority to act in all matters of a particular trade.
3. Special agent   -    is appointed for a specific purposeand ceases to be agent after completing the particular assignment

Powered by Sidmach Technologies(Nigeria) Limited .
Copyright © 2012 The West African Examinations Council. All rights reserved.