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