Both the Buyer and Seller of Goods Can Have an Insurable

question 128

True/False

Both the buyer and seller of goods can have an insurable interest in the same goods at the same time.

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Definitions:

Securities

Financial instruments that represent an ownership position, a creditor relationship, or rights to ownership, expressed in the form of stocks, bonds, or options.

Rate of Return

The percentage gain or loss on an investment over a specified period, reflecting the income and appreciation of an investment.

Average Cumulative Investment

The total sum of all investments made over a period of time, divided by the number of investments.

Retail Store

A business establishment that sells goods to consumers, typically in small quantities.