Home » Past Questions » Commerce » A Sole proprietor insured his goods worth ₦200,000 for half the value. There w...

A Sole proprietor insured his goods worth ₦200,000 for half the value. There w...


Question

A Sole proprietor insured his goods worth ₦200,000 for half the value. There was a fire incident in which goods valued ₦80, 000 were destroyed. The value of compensation expected from the insurer is

Options

A) ₦440,000

B) ₦1,480,000

C) ₦200,000

D) ₦100,000

The correct answer is A.


More Past Questions:


Dicussion (1)