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WAEC Commerce 2017 Question 23

Question 23

Purchase and Sale of Goods

Which of the following terms is not used in price quotation for goods?

  1. A.E & O.E
  2. B.C. I. F
  3. C.Ex works
  4. D.F.A.S
Show the answer and explanation

Answer: A (E & O.E)

Explanation

CIF, ex works and FAS state what the quoted price covers; E & OE (errors and omissions excepted) is written on invoices.