Waec Model Questions Vol1 2019 Commerce Question 6

Practice objective / multiple choice question 6 from the 2019 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2019 Commerce Objective / Multiple Choice Hard Difficulty
Question 6 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • COMMERCE • objective

A consumer purchased a television for ₦150,000 with a 1‑year warranty. The TV failed after 4 months. The seller offered to repair it, but the consumer waited 50 days for the repair and none was done. The consumer can either (A) demand a replacement, for which the law allows the price plus 12% simple interest per annum calculated from the date of purchase to the date the replacement is delivered (30 days after the demand), with the interest amount capped at 25% of the price, or (B) rescind the contract and obtain a full refund together with damages equal to 15% of the price. Assuming the consumer makes the demand for replacement on the 50th day after the failure, which option gives the higher monetary recovery and what is that amount?

Answer Options

A. ₦165,000
Correct Answer B. ₦172,500
C. ₦150,000
D. ₦159,862.50
Correct Answer
B
Correct Option:
₦172,500

About This Question

This is Waec Model Questions Vol1 2019 Commerce Question 6. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Hard .

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