Utme 2025 Commerce Question 34

Practice objective / multiple choice question 34 from the 2025 Utme Commerce examination. This question covers Insurance .

Utme 2025 Commerce Objective / Multiple Choice 2 Difficulty

Topic: Insurance

Question 34 UTME • 2025 • COMMERCE • objective

Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. This implies that

A. the loss should be borne by the insurer

B. Mr. Lawal is liable only for half of the estimated loss

C. the insurer should make a consolation payment for the loss

Correct Answer D. the loss should be borne by Mr. Lawal

Correct Answer

Correct Option:

the loss should be borne by Mr. Lawal

This is Utme 2025 Commerce Question 34. It is one of the objective questions from the 2025 Utme Commerce examination.

The question covers Insurance .

Difficulty level: 2 .

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