vimal got his factory insurance for ₹ 1 crores and later suffered a loss of ₹20 lakhs.he got full compensation of ₹20 lakh from the insurance company and later sold some half - burnt goods for ₹50000 .who has the right over the sale proceeds and why ?
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business studies
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Answer:
insurance company has 5he right over the sale proceeds
Explanation:
it is because insurance company provide compensation for the loss suffered by vimal and after compensation claim vimal has no right over the burnt goods.