JAMB Commerce 2011 Objective — Question 21

Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. This implies that A. Mr. Law is liable only for half of the estimated loss B. The loss should be borne by the insurer C. The insurer should make a consolation payment for the loss D. the loss should be borne by Mr. Lawal

• A. A. Mr. Law is liable only for half of the estimated loss
• B. B. The loss should be borne by the insurer
• C. C. The insurer should make a consolation payment for the loss
• D. D. the loss should be borne by Mr. LawalCorrect