Which of the Following Applies to an Insurable Interest in Goods

question 31

Multiple Choice

Which of the following applies to an insurable interest in goods?

• A)Buyers have an insurable interest in goods the moment they pay for the goods.
• B)Buyers have an insurable interest in goods the moment they get the title to the goods.
• C)Sellers have an insurable interest in goods till the risk of loss is with them.
• D)Sellers have an insurable interest in their goods as long as they have title to the goods or a security interest in them.

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Definitions:

Direct Expression

A mode of communication where thoughts and feelings are conveyed openly and without subtext.

Environmental

pertains to factors and conditions that surround an organism or system, influencing its development and behavior.

Genetic

Related to genes or heredity, the study of how traits are transmitted from parents to offspring.

Identical Twins

Twins who are genetically identical, resulting from the fertilization of a single egg that split into two.