WAEC Commerce 2015 Objective — Question 32
Question 32 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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A house insured against damage by flood was burnt down and the owner had no claim. Which of the following principles prevented him from making a claim?
- A. indemnity
- B. contribution
- C. insurable interest
- D. proximate causeCorrect
Explanation
Proximate cause is a term in insurance policy which states that before an insured could be compensated, he must be affected by the cause against which he made the insurance.
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