Post Utme Lautech 2024 Commerce Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Lautech Commerce examination.

Post Utme Lautech 2024 Commerce Objective / Multiple Choice
Question 28 POST_UTME_LAUTECH • 2024 • COMMERCE • objective

A company's sole trader has been sued for breach of contract. The company's insurance policy has a deductible of ₦300,000. If the company's liability is ₦900,000, what is the amount the company must pay out of pocket?

Answer Options

Correct Answer A. ₦600,000
B. ₦700,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦600,000

About This Question

This is Post Utme Lautech 2024 Commerce Question 28. It is one of the objective questions from the 2024 Post Utme Lautech Commerce examination.

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