Third party insurance covers, damages?

Assessment: WAEC SSCE - Commerce - 1993 (Objective) Subject: Commerce

Question 1 Report

Third party insurance covers, damages?
Answer Details
Third party insurance covers damages caused by the vehicle insured to other parties involved in an accident or incident. This means that if the insured vehicle causes damage to another person's vehicle, property or causes injury to other people, the insurance company will pay for the damages or compensation owed to the affected party. Third party insurance does not cover damages to the insured vehicle or the policyholder.
Read lesson note on Legal Aspect Of Business (WAEC)
View Answer

Related Questions

1

Which of the following is not a basic want of man?
2

Which of the following is not a branch of production?
3

A system in which people provide their own needs directly is known as?
4

In which class of occupation would doctors, teachers and entertainers be grouped?
5

Trade can be described as?
6

Which of the following is not an aid to trade?
7

The function of commerce in production is that it?
8

Which of the following comes last in the chain of distribution? The

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning