Law, 17.05.2021 14:00, jordanbb9482

Mr. Peter has just insured his Mercedes Benz car with an insurance company for Five Million Naira. One week later, Mr. Barnabas negligently hit Mr. Peter's car and damaged it beyond repairs. Meanwhile a scrap-metal dealer has approached Mr. Peter to sell the scrap of the car to him. Advice Mr. Peter and the Insurance company on their rights under the General Principle of insurance law.

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Mr. Peter has just insured his Mercedes Benz car with an insurance company for Five Million Naira. O...