The buyer and seller of goods may not both hold insurable interests in the same goods at the same time.

Name: The buyer and seller of goods may not both hold insurable interests in the same goods at the same time.
Brand: Quizplus
Rating: 5.0 (58 reviews)

Question

Quizplus · Accepted Answer

Both the buyer and seller can hold insurable interests in the same goods simultaneously, especially during the transition period when the ownership and risk are being transferred from the seller to the buyer.

The Buyer and Seller of Goods May Not Both Hold