Business Studies

State the following statement is True or False:
A policy taken for goods lying at different places is called floating policy.


ANSWER

True


SOLUTION
The concept of floating policy has come into place because of the difficulty of information about the ship or ships the goods will be shipped. Under floating policy, the person who ships goods purchases a policy for a lump-sum amount without mentioning the details of goods or about the ship.
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TRUE/FALSE Medium Published on 18th 08, 2020
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