Pulse Corp

question 77

Multiple Choice

Pulse Corp.maintained a warehouse where it stored its manufactured goods.Pulse received an order from Star.Shortly after Pulse identified the goods to be shipped to Star and before moving them to the loading dock,a fire destroyed the warehouse and its contents.With respect to the goods,which of the following statements is correct?

• A)Pulse has title but no insurable interest.
• B)Star has title and an insurable interest.
• C)Pulse has title and an insurable interest.
• D)Star has title but no insurable interest.

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Definitions:

Contingency Planning

The process of preparing for unexpected events by developing strategies and actions to mitigate risks and ensure organizational continuity.

Identical

Exactly the same, or very similar in every detail.

Participatory Planning

Planning that includes the persons who will be affected by plans and/or those who will implement them.

Implementation

The process of executing a plan or policy so that a concept becomes an operational reality in a strategic manner.