Commerce
JAMB 2011
Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. this implies that?
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A.
the loss should be borne by the insurer
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B.
Mr. Lawal is liable only for half of the estimated loss
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C.
the insurer should make a consolation payment for the loss
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D.
the loss should be borne by Mr. Lawal
Correct Answer: Option D
Explanation
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