Pulse Corp

question 77

Multiple Choice

Pulse Corp.maintained a warehouse where it stored its manufactured goods.Pulse received an order from Star.Shortly after Pulse identified the goods to be shipped to Star and before moving them to the loading dock,a fire destroyed the warehouse and its contents.With respect to the goods,which of the following statements is correct?

• A)Pulse has title but no insurable interest.
• B)Star has title and an insurable interest.
• C)Pulse has title and an insurable interest.
• D)Star has title but no insurable interest.

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Definitions:

Planning Budget

A budget created for a specific period in the future, outlining expected revenue, expenses, and resource needs.

Vehicle Operating Cost

The total expense associated with maintaining and running a vehicle, including fuel, maintenance, insurance, and depreciation.

Snow-Day

A colloquial term typically referring to a day when schools or businesses are closed due to excessive snowfall that impedes travel and regular operations.

Other Expenses

Expenditures that are not directly related to the production of goods or services, such as administrative and selling expenses.