Question

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. He actually meant that they can put
their warehouse on fire and claim from insurance company against stock insured. They will
use the claim money to play loan.
Questions:
A. Will the company receive claim if the surveyor from insurance company comes to know
the real cause of fire? And state any three elements of fire insurance
B. Write any two Values which the company ignore while planning to arrange money from
false claim.

Answer 1

Answer:

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