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Question 47

Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims

  • A.Subrogation
  • B.Utmost good faith
  • C.Insurable interest
  • D.Proximate cost
Objective

Question details

Exam body
WAEC
Subject
Commerce
Year
1999
Question no.
#47
Type
Objective
Previous · Q46A contract of sale of goods where ownership passes to the buyer on the payment… Next · Q48 A bill of exchange is retired when it is

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