With Goods in Bailment, When Is an Insurable Interest Created

question 18

Multiple Choice

With goods in bailment, when is an insurable interest created?

• A) Only when either party has title to the goods
• B) When either party has title or a risk of loss, but not under any other circumstances
• C) When either party has title, risk of loss, or other economic interest attached to the goods
• D) Two days after either party has title to the goods
• E) Never. There is no such thing as an insurable interest in a goods-in-bailment contract

Recognize the importance and challenge of implementing planned changes in strategy and culture.

Acknowledge the essential role of employees and staff in initiating cultural change.

Understand the significance of optimism among managers and employees towards cultural change.

Learn about the utility of survey feedback in organizational diagnosis and change.

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Definitions:

Right Ventricle

The chamber of the heart that receives deoxygenated blood from the right atrium and pumps it into the pulmonary arteries.

Left Atrium

The upper left chamber of the heart that receives oxygenated blood from the lungs and pumps it into the left ventricle.

Diastole

The phase of the cardiac cycle during which the heart relaxes and fills with blood after contraction.

Electrocardiogram

A test that measures the electrical activity of the heart to show whether or not it is working normally.