Which of the Following Is True of Insurable Interest

question 39

Multiple Choice

Which of the following is true of insurable interest?

• A)Sellers can retain the insurable interest to goods as long as they have the title to them.
• B)Buyers cannot place insurance on goods.
• C)Buyers cannot obtain an insurable interest if they might later reject the goods.
• D)Buyers can obtain insurable interest on goods that are not mentioned in the contract.

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Definitions:

Phenotype

The set of observable characteristics of an organism resulting from the interaction of its genotype with the environment.

Double Helix

The structure formed by double-stranded molecules of nucleic acids such as DNA, characterized by two helical chains coiled around the same axis.

Estrogen

A group of steroid hormones which promote the development and maintenance of female characteristics of the body.

Polygenically Determined

Influenced by several genes, indicating that the trait or characteristic results from the complex interaction of multiple genetic factors.