Household Appliance Corporation sells Ideal-brand vacuum cleaners to Jiffy Discount Stores and other retailers. Household will have an insurable interest in the vacuums as long as

Question

Household Appliance Corporation sells Ideal-brand vacuum cleaners to Jiffy Discount Stores and other retailers. Household will have an insurable interest in the vacuums as long as​

Quizplus · Accepted Answer

Household retains an insurable interest in the vacuums as long as it retains title to the goods, meaning they still own the vacuums and bear the risk of loss until ownership is transferred.

Household Appliance Corporation Sells Ideal-Brand Vacuum Cleaners to Jiffy Discount