In a Goods-In-Bailment Contract, When Is an Insurable Interest Created

question 8

Multiple Choice

In a goods-in-bailment contract, when is an insurable interest created?

• A) When either party has title to the goods
• B) When either party has title or a risk of loss
• C) When either party has title, risk of loss, or other economic interest attached to the goods
• D) Two days after either party has title to the goods
• E) Never, there is no such thing as a goods-in-bailment contract

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Definitions:

Exercise

Physical activities undertaken to maintain or enhance health and fitness, including aerobic, strength, flexibility, and balance exercises.

Stress

The body's reaction to any change that requires an adjustment or response, which can be physical, mental, or emotional.

Sympathetic Nervous System

A part of the autonomic nervous system that prepares the body for physical activity by increasing heart rate, dilating bronchial passages, and decreasing motility of the large intestine.

Relaxation

A state of being free from tension and anxiety, often achieved through techniques such as meditation or deep-breathing exercises.