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A sole proprietor insured his goods worth N200,000 for half the value. There was a…

A sole proprietor insured his goods worth N200,000 for half the value. There was a fire accident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is
  • A.
    N40,000
  • B.
    N80,000
  • C.
    N100,000
  • D.
    N200,000
Correct Answer: Option C
Explanation