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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 toclaim from insurance company against stock lost due to fire in the warehouse. Heactually meant that they can put their warehouse on fire and claim from insurancecompany against stock insured. They will use the claim money to play loan(a) Will the company receive claim if the surveyor from insurance company comesto know the real cause of fire?(b) Write any two Values which the company ignore while planning to arrangemoney from false claim.(c) State any three elements of fire insuranceestion Carry 3 Marks: |
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