Question on: JAMB Commerce - 2024


An instruction to an agent abroad restricting him to buy from a named manufacturer is known as

A
pro forma invoice
B
an open indent
C
a closed indent
D
an order
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Correct Option: C

A closed indent specifically instructs an agent to purchase goods from a particular supplier. This is in contrast to an open indent, which allows the agent more flexibility in choosing the supplier.

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