Sumit has taken fire insurance policy for his factory.Due to fire he suffered a loss of 2 lakh and he gets the compensation for the same.The half burnt goods can be sold for rs.30,000 who has the right to sell the goods and why
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Answer:
sumit has to sell the half burnt goods as he is the owner of the factory
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The insurance company gas the wite to sell the good
Explanation: due to law of submurgation it is said that if the insurance company gives claim for the loss then the insurance company have full right on the burnt item
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