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What are the terms of F.O.B. pricing?
Insurable Interest
An interest either in a person’s life or well-being or in property that is sufficiently substantial to justify insuring against injury to or death of the person or damage to the property.
Enforceable
Describing a legal agreement or obligation that can be upheld and compelled by law through legal action.
Insurance Contract
A legally binding agreement between an insurer and the insured, where the insurer agrees to compensate the insured for specific losses in exchange for a premium.
Leases
Legal agreements granting use or occupation of property during a specified period in exchange for a specified rent or terms.
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