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

Question

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

Quizplus · Accepted Answer

Household will have an insurable interest in the vacuum cleaners as long as they retain title to the goods. Insurable interest means that the party purchasing insurance must have a financial interest in the property being insured, and retaining title to the goods gives Household this financial interest. The other options are not relevant to whether or not Household has an insurable interest.

Household Products Corporation Sells Ideal-Brand Vacuum Cleaners to Jolly Discount