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Isaack buys a second-hand car from Reliable motors for R200,000. Isaack insures the car for R200,000 with Amazing Insurance Company. Advise Isaack as to the

Isaack buys a second-hand car from Reliable motors for R200,000. Isaack insures the car for R200,000 with Amazing Insurance Company.

Advise Isaack as to the nature of the insurance contract that he has concluded with Amazing Insurance Company. (7)

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