With a Simple Delivery Contract, When Is an Insurable Interest

question 82

Multiple Choice

With a simple delivery contract, when is an insurable interest in the buyer created?

• A) When money is transferred
• B) When the items are delivered
• C) When the buyer takes possession
• D) When the goods are identified to the contract
• E) When the goods are tendered for delivery

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Definitions:

Anionic

Pertaining to ions or molecules that carry a negative electric charge.

Cationic Polymerization

A type of polymerization where the growth of a polymer chain proceeds via cationic species as the propagating centers.

PhOH

Phenol, a toxic and caustic compound of benzene with an attached hydroxyl group, used as an antiseptic and in chemical manufacturing.

Poly(acrylonitrile)

A synthetic polymer made from acrylonitrile monomers, commonly used for fibers in textiles and other applications.