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3 marksDevelopment of Barter and Money

CSEC Principles of Business · January 2012 · Paper 2 · Question 2(a)(ii)

A customer purchases scuba lessons online from a resort via credit card, receiving email confirmation of payment.

Identify THREE instruments of payment other than a credit card.

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Other parts of this question

  1. 2(a)(i)State FOUR reasons for documenting business transactions.[4 marks]
  2. 2(b)(i)Define the term 'contract'.[2 marks]
  3. 2(b)(ii)Identify the type of contract entered into between the customer and the resort.[1 mark]
  4. 2(b)(iii)State FOUR ways in which the contract between the customer and the resort may be terminated.[4 marks]
  5. 2(c)(i)With reference to the relationship between the customer and the resort, explain offer and acceptance.[4 marks]
  6. 2(c)(ii)With reference to the relationship between the customer and the resort, explain consideration.[2 marks]

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