Question

Q3. Sarthak Electronics Ltd. has a loss of Rs 15,00,000 to pay. They are short of
fund so they are trying to find means to arrange fund. Their manager suggests to
claim from insurance company against stock lost due to fire in the warehouse. H
actually meant that they can put their warehouse on fire and claim from insurang
company against stock insured. They will use the claim money to play loan.
(a) Will the company receive claim if the surveyor from insurance company com
to know the real cause of fire?
(b) Write any two Values which the company ignore while planning to arrange
money from false claim.
(c) State any three elements of fire insurance

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

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