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Question 14

A Sole proprietor insured his goods worth N200,000 for half the value. There was a fire incident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is

  • A.N40,000
  • B.N80,000
  • C.N200,000
  • D.N100,000
Objective

Question details

Exam body
OAU
Subject
Commerce
Year
2015/2016
Question no.
#14
Type
Objective
Previous · Q13A demonstration of social responsibility by a business is the payment of Next · Q15 Which of the following insurance principles will prevent someone from claiming…

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