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WAEC Commerce 1992 Question 8

Question 8

Purchase and Sale of Goods

When payment is required for goods at the time the order is placed, the term of payment quoted is

  1. A.C. O. D
  2. B.C. W. O
  3. C.C. I. F.
  4. D.F. O. R.
  5. E.F. O. B
Show the answer and explanation

Answer: B (C. W. O)

Explanation

C.W.O. means cash with order: the buyer pays when sending the order.