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Coca-Cola Was First Marketed in the 1860s as a Patent

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Coca-Cola was first marketed in the 1860s as a patent medicine, designed to offer the virtues of cocaine without the vices of alcohol. The new beverage was invigorating and popular; today cocaine is not just banned but widely demonized. This is an example of:


Definitions:

Tangible Personal Property

Physical items owned by an individual or business, such as vehicles, furniture, and equipment, that are movable and not affixed to land.

Transfer of Title

The legal process of transferring ownership of property or an asset from one individual or entity to another.

Presumed

Accepted as true or valid based on the existing evidence or probability, without requiring proof or further demonstration.

Insurable Interest

A requirement in insurance policies that the policyholder must stand to suffer a financial or emotional loss if the insured event occurs.

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