Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. WAEC
  4. /
  5. Commerce
  6. /
  7. 1998
  8. /
  9. Q26
Question 26

If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of

  • A.utmost good faith
  • B.subrogation
  • C.insurable interest
  • D.indemnity
  • E.contribution
Objective

Question details

Exam body
WAEC
Subject
Commerce
Year
1998
Question no.
#26
Type
Objective
Previous · Q25Which of the following is an example of insurable risk? Next · Q27 Which of the following shows the quality of money

More from this paper

  • Q22Which of the following is true of rail transport?
  • Q23Which of the following is not a means of controlling credit by the Central Bank?
  • Q24Which of the following is not a function of Development Banks?
  • Q28The speculator in the stock exchange market who sells securities in anticipation…
  • Q29An action taken by a seller to avoid risks from unforeseeable price fluctuation…
  • Q30The insurance policy against claims from customers who might be injured within…
See all Commerce 1998 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy