Mr Lou who assured his life with XYZ Assurance Company, w...
Mr Lou who assured his life with XYZ Assurance Company, was involved in an accident and had a broken leg; the sum of #80,000 was paid to Mr Lou for his broken leg. The money received is known as
compensation
commission
premium
indemnity
Correct answer is D
Indemnity insurance is a contractual agreement in which one party guarantees compensation for actual or potential losses or damages sustained by another party. Mr Lou was indemnify at the tone of N80,000
The sale of of foreign investment and gold reserves can be used to? ...
The process of eliminating a virus from a computer program is? ...
Which of the is used in calculating working capital? ...
The current trend in retailing competition in Nigeria are? ...
The naria is legal tender because it is? ...
Key industries and those requiring huge capital are usually established as ...
Which of the following best described the scope of commerce ...
When a share is bought at a rate below the par value, it is said to have been sold? ...
A factor in a business environment which increases the rate of product obsolescence is? ...
An established pattern of relationships among members of an organization is known as ...