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JAMB Commerce 2011 Paper

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Question : 20

Total: 49

Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. this implies that?

the loss should be borne by the insurer
Mr. Lawal is liable only for half of the estimated loss
the insurer should make a consolation payment for the loss
the loss should be borne by Mr. Lawal

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