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A soda pop can with a small amount of water is on a hot stove. Soon steam comes from its opening. When the can is quickly inverted into a pan of water, the can is crushed by
Risk Of Loss
The potential for an asset to decrease in value or for an investment to lose money.
Insurable Interest
A requirement indicating that a person or entity must have a direct stake in the preservation of the insured item or person to legally purchase insurance on that item or person.
Simple Delivery Contract
An agreement where the delivery of a product is made immediately upon completion of the sale.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights concerning specific terms.
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