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:

Soda Pop

A sweetened carbonated beverage, commonly known as soda or soft drink.

Cartons

Containers or boxes, typically made from cardboard or plastic, used for transporting or storing goods.

Crisis Management

The process by which a business or organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders.

Formal Programs

Structured and officially sanctioned plans or initiatives designed to achieve specific goals within an organization, such as training employees or improving processes.