With a Simple Delivery Contract, When Is an Insurable Interest

question 38

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 goods are identified to the buyer

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Definitions:

Going-Private Transaction

A corporate action in which a company's outstanding public shares are bought out, usually by a private investor, to delist it from public stock exchanges.

Reverse IPO

A process where a private company becomes publicly traded by acquiring a majority stake in a public company, bypassing traditional initial public offerings (IPO) processes.

Synergistic Benefits

The additional value created by combining two companies, often resulting in efficiencies or enhanced market power.

Complementary Resources

Additional resources or assets that enhance or improve the effectiveness of existing resources when used together.