When Is an Insurable Interest in the Buyer Created in a Simple

question 1

Multiple Choice

When is an insurable interest in the buyer created in a simple delivery contract?

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

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Definitions:

Occipital Lobe

The occipital lobe is the visual processing center of the mammalian brain, located in the back of the skull.

Cerebral Hemisphere

One of the two halves of the brain (left or right) that control opposite sides of the body and have specialized functions.

Cerebral Hemispheres

The two sections of the cortex on the left and right sides of the brain.

Cerebrum

The upper part of the brain consisting of the two hemispheres and the structures that connect them.