Post Utme Lautech 2024 Commerce Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Lautech Commerce examination.

Post Utme Lautech 2024 Commerce Objective / Multiple Choice
Question 30 POST_UTME_LAUTECH • 2024 • COMMERCE • objective

A company's sole trader has been sued for negligence in the storage of goods. The company's insurance policy has a deductible of ₦400,000. If the company's liability is ₦1,600,000, what is the amount the company must pay out of pocket?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,400,000
C. ₦1,600,000
D. ₦1,800,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Lautech 2024 Commerce Question 30. It is one of the objective questions from the 2024 Post Utme Lautech Commerce examination.

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