JAMB Commerce 2014 Objective — Question 33

Question 33 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

A document sent by a broker to his client to confirm a purchase or sale made on his behalf is

A. a delivery note
B. a consignment note
C. a transfer form
D. a contract noteCorrect

Explanation

A contract note is sent by a broker to confirm a purchase or sale made on behalf of the client.

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