WAEC Commerce 2017 Objective — Question 43
Question 43 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.
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43. Under the principle of subrogation, the insurer has the right to
- A. A. abrogate the contract
- B. B. re-insure the property insured
- C. C. take over any legal rights of the insuredCorrect
- D. D. take over all the liabilities of the insured
Explanation
The principle of subrogation states that the insurance company can act legally on behalf of the insured.
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