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CBSE - XI Commerce - Business Studies

what is proximate cost

Asked by Raju 9th February 2018, 10:34 PM
Answered by Expert

Answer:

Do you mean  proximate cause? Proximate cause is one of the principle of insurance. If the loss is the result of two or more causes, then the proximate cause refers to direct and effective cause of which the loss is the natural consequence. Here the loss arising out of any mishap, the most proximate cause of the mishap should be taken into consideration.
Answered by Expert 10th February 2018, 2:24 PM

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