A sole proprietor insured his goods worth N200,000 for half the value. There was a...
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
- B. N80,000
- C. N100,000
- D. N200,000
Correct Answer: C. N100,000
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