JAMB Commerce 2021 Objective — Question 32

Question 32 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.

32. In marine insurance we have _____ and _____ a. Total loss and general loss b. Total loss and actual loss c. Actual loss and general loss d. Particular loss and general loss

A. Total loss and general loss
B. Total loss and actual lossCorrect
C. Actual loss and general loss
D. Particular loss and general loss

Explanation

In marine insurance, losses suffered are mainly categorised into total loss and partial (actual) loss.

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