WAEC Commerce 2012 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.
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When an insurance policy is declared void because of a false declaration, the principle involved is
- A. indemnity
- B. subrogation
- C. proximate
- D. utmost good faithCorrect
Explanation
The principle of utmost good faith states that an insured must declare all information in good faith.
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