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  5. Which of the followi...

Which of the following attracts only interest but leaves the capital unpaid?

Commerce
JAMB 2020

Which of the following attracts only interest but leaves the capital unpaid?

  • A. uberrimae fidei
  • B. subrogation
  • C. contribution
  • D. redeemable bond
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Correct Answer: Option D
Explanation

Subrogation is a term describing a right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured.

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now