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WAEC Commerce 2005 Question 34

Question 34

Purchase and Sale of Goods

When a quotation is marked 'CWO', it means

  1. A.no credit facility is allowed
  2. B.no discount is allowed
  3. C.the buyer should beware
  4. D.the seller should beware.
Show the answer and explanation

Answer: A (no credit facility is allowed)

Explanation

CWO (cash with order) means payment must come with the order: no credit.