Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz solve !! A passenger of a taxa cannot take an insurance for the taxi, because the passenger does not have Insurable interest Passport Citizenship

plz solve !!
image text in transcribed
A passenger of a taxa cannot take an insurance for the taxi", because the passenger does not have Insurable interest Passport Citizenship None of these At the time of any accident the owner or the insured should take all precautions to save of reduce the damage. The principle of insurance which covers this point is Principle of loss minimization Principle of subrogation Principle of utmost good faith Principle of contribution Mr. Azad a businessman has a tank balance of OMR 2,000 in Bank Dhofar. The bank gave him an overdraft facility to the extent of OMR 20,000 on his request. Now, what is the maximum amount he can with draw from the bank OMR 22,000 OMR 20,000 OMR 2,000 OMR 18,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Making Auditors Effective Theory Evidence Perspectives

Authors: Mark Schelker

1st Edition

3832934375, 978-3832934378

More Books

Students also viewed these Accounting questions

Question

Who owns the money?

Answered: 1 week ago

Question

Describe the effect of operating two pumps in series.

Answered: 1 week ago