A plant manager gets his stock of goods insured but he hide the fact that the electricity board has issued him statutory warning letter to get his factory wiring changed. Later on, the factory catches fire due to short circuit. Which principle is violated in the case?
(a) Principle of Subrogation (b) Principle of Utmost Good Faith
(c) Principle of Indemnity (d) Principle of Insurable Interest
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the answer I'd principle of utmost good faith
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