Commerce
JAMB 1994
A sole proprietor insured his goods worth N200,000 for half the value. There was a fire accident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is
-
A.
N40,000
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B.
N80,000
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C.
N100,000
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D.
N200,000
Correct Answer: Option C
Explanation
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