Commerce Paper 2, Nov/Dec. 2011  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments

Question 9
  1. Distinguish between  credit sales and hire purchases.
  2. List five types of Agent.
  3. State two duties performed by each of the agent mentioned in 9c above.




  1. Candidates performance in this question was very poor.  They in most cases could not       differentiate between Credit Sales and hire purchases.

    Hire Purchases

    Credit Sales

    (i)   Ownership will not pass to buyer
           until  final instalment is paid

    (i)  Ownership passes to buyer the moment the 
          initial deposit is paid.

    (ii) Goods can be recovered if buyer
          failed to pay.

    (ii) Goods can not be recovered but seller can only sue for payment. etc

Powered by Sidmach Technologies(Nigeria) Limited .
Copyright © 2015 The West African Examinations Council. All rights reserved.