Get premium membership and access questions with answers, video lessons as well as revision papers.
i) Utmost good faith-ensures that details offered are up to date and correct for proper
evaluation
ii) Indemnity-stresses the understanding that in the event of loss, the insure does not
benefit/insures does not over compensate
iii) Contribution-creates understanding to insurers who may have jointly ensured a risk
iv) Insurable interest-ensures that insured does not incur losses on property not assured by
insurer
Kavungya answered the question on April 3, 2019 at 09:24
- Kazi moto insured a motor vehicle against fire with MotoMoto company by paying
Kshs.300.000. later the car was destroyed at a garage and a compensation of...(Solved)
Kazi moto insured a motor vehicle against fire with MotoMoto company by paying
Kshs.300.000. later the car was destroyed at a garage and a compensation of Kshs. 400,000
were paid. Using insurance terms, state what each of the following stand for ;
a) Kazi Moto
b) Fire
c) Kshs 300,000
d) Moto Moto Company
Date posted: April 3, 2019. Answers (1)
- State four advantages of warehousing to a retailer(Solved)
State four advantages of warehousing to a retailer
Date posted: April 3, 2019. Answers (1)
- State four functions of the purchases department of a warehouse(Solved)
State four functions of the purchases department of a warehouse.
Date posted: April 3, 2019. Answers (1)
- Outline four circumstances that would hinder a warehouse from functioning effectively(Solved)
Outline four circumstances that would hinder a warehouse from functioning effectively.
Date posted: April 3, 2019. Answers (1)
- State four functions of warehousing(Solved)
State four functions of warehousing
Date posted: April 3, 2019. Answers (1)
- The following are special delivery services provided by the post office:-post rest ante,
speed post, business reply service, express delivery. Match each description with the term
a)...(Solved)
The following are special delivery services provided by the post office:-post rest ante,
speed post, business reply service, express delivery. Match each description with the term
a) The arrangements to deliver the mail starts at the sender’s post office
b) The arrangement to deliver the mail starts at the addressees post office
c) Services offered to travelers who wish to receive correspondence while away from home
d) Service that relieves the customer of postage expenses
Date posted: April 3, 2019. Answers (1)
- Bucket ltd is an international pharmaceutical company. Under what circumstances can the firm
send its products to customers by air transport?(Solved)
Bucket ltd is an international pharmaceutical company. Under what circumstances can the firm
send its products to customers by air transport?
Date posted: April 3, 2019. Answers (1)
- Outline four differences between liners and tramps as in sea transport(Solved)
Outline four differences between liners and tramps as in sea transport
Date posted: April 3, 2019. Answers (1)
- G4S Limited Company offer courier services to provide safe transportation services.
Highlight four other services offered by G4S Limited(Solved)
G4S Limited Company offer courier services to provide safe transportation services.
Highlight four other services offered by G4S Limited
Date posted: April 3, 2019. Answers (1)
- Outline three features of tramps that distinguish them from other sea transporters(Solved)
Outline three features of tramps that distinguish them from other sea transporters
Date posted: April 3, 2019. Answers (1)
- State four circumstances that make rail transport more desirable than road(Solved)
State four circumstances that make rail transport more desirable than road
Date posted: April 3, 2019. Answers (1)
- State four reasons why some local authorities in Kenya find it difficult to provide public utilities(Solved)
State four reasons why some local authorities in Kenya find it difficult to provide public utilities
Date posted: April 3, 2019. Answers (1)
- State four reasons why some local authorities in Kenya find it difficult to provide public utility(Solved)
State four reasons why some local authorities in Kenya find it difficult to provide public utility
Date posted: April 3, 2019. Answers (1)
- Local leaders would like to see more business enterprises established within Ugenya.
Outline four measures the government can take to encourage investments in this region(Solved)
Local leaders would like to see more business enterprises established within Ugenya.
Outline four measures the government can take to encourage investments in this region
Date posted: April 3, 2019. Answers (1)
- State four type of partnership businesses(Solved)
State four type of partnership businesses
Date posted: April 3, 2019. Answers (1)
- State four features of multinational corporation(Solved)
State four features of multinational corporation
Date posted: April 3, 2019. Answers (1)
- You have been charged with a duty of preparing an article of Association for your company;
state four items that you will include in your article...(Solved)
You have been charged with a duty of preparing an article of Association for your company;
state four items that you will include in your article of Association
Date posted: April 3, 2019. Answers (1)
- Highlight four ways in which the running of public corporations is ineffective in this country(Solved)
Highlight four ways in which the running of public corporations is ineffective in this country
Date posted: April 3, 2019. Answers (1)
- State four characteristics of incorporated business units(Solved)
State four characteristics of incorporated business units
Date posted: April 3, 2019. Answers (1)
- Otwoma intends to start a business. Give four reasons why it is advisable for him to start a
retail business shop instead of buying shares in...(Solved)
Otwoma intends to start a business. Give four reasons why it is advisable for him to start a
retail business shop instead of buying shares in a public limited company
Date posted: April 3, 2019. Answers (1)