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What role does the social context play in assessment?
Insurable Interest
A requirement in insurance policies that the policyholder must stand to suffer a financial loss or detriment if the insured event occurs, legitimizing the policy's existence.
Simple Delivery Contract
A contract that involves the transfer of goods from the seller to the buyer through direct delivery.
Identified to the Contract
Refers to goods that have been designated as the subject matter of a sales or service contract.
Insurable Interest
A stake in the preservation of a person or property that is sufficiently substantial to justify purchasing insurance.
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