πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Ad valorem means_____________

      A According to the value Correct Answer Incorrect Answer
      B According to the use Correct Answer Incorrect Answer
      C According to the nature Correct Answer Incorrect Answer
      D According to the need Correct Answer Incorrect Answer
      E According to parties Correct Answer Incorrect Answer

      Solution

      A Latin term which means according to the value and is related to the method of levying duties i.e., tax on a transaction/property, payable proportionally on the value of the transaction or property, rather than on its quantity.

      Practice Next
      ask-question