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WAEC Commerce 1991 (August) Question 68

Question 68

Insurance

A cover note is a

  1. A.document of title to goods
  2. B.letter from the tax authority
  3. C.label attached to goods for identification
  4. D.temporary insurance certificate
  5. E.letter issued by banks to customers
Show the answer and explanation

Answer: D (temporary insurance certificate)

Explanation

A cover note gives temporary cover until the policy is issued.