With a Simple Delivery Contract, When Is an Insurable Interest

question 38

Multiple Choice

With a simple delivery contract, when is an insurable interest in the buyer created?

• A) When money is transferred
• B) When the items are delivered
• C) When the buyer takes possession
• D) When the goods are identified to the contract
• E) When goods are identified to the buyer

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Definitions:

Fingernail

The hard, protective covering on the upper surface of the ends of fingers, made of a protein called keratin.

First Line Defense

The body's initial response to prevent infection or damage through barriers like skin and mucous membranes, and physiological processes like acidity and enzymatic activity.

Maturation

The process of becoming mature or fully developed, either in a biological context or referring to the development of concepts and skills.

Dry Skin

A condition characterized by a lack of adequate moisture in the outer layer of the skin, leading to roughness, flaking, itching, and sometimes cracking.