If Mr Olu insures Mr Obi’s house, the insurer may, in event of a loss,…

Commerce WAEC 1998

If Mr Olu insures Mr Obi’s house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of

  • utmost good faith
  • subrogation
  • insurable interest checkmark
  • indemnity
  • contribution

The correct answer is: C

Explanation

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