Post Utme Aaua 2024 Commerce Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Aaua Commerce examination.

Post Utme Aaua 2024 Commerce Objective / Multiple Choice
Question 33 POST_UTME_AAUA • 2024 • COMMERCE • objective

A sole trader's business is affected by a natural disaster that destroys a significant portion of its inventory. The sole trader has insurance coverage for such events. Which of the following is a characteristic of this type of insurance?

Answer Options

A. Contingent Liability
B. Uninsurable Risk
Correct Answer C. Specified Peril
D. Uninsurable Loss
Correct Answer
C
Correct Option:
Specified Peril

About This Question

This is Post Utme Aaua 2024 Commerce Question 33. It is one of the objective questions from the 2024 Post Utme Aaua Commerce examination.

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