Confection Corporation orders Double Chocolate Bars from Edible Distribution Company. Edible identifies the goods. Before they are shipped via Fast Shipping LLC, an insurable interest in the goods exists in
A)Confection only.
B)Edible only.
C)both Confection and Edible.
D)Confection, Edible, and Fast.

Question

Quizplus · Accepted Answer

Both Confection Corporation and Edible Distribution Company have an insurable interest in the goods once they are identified to the contract, even before shipment. Confection has an interest as the buyer, and Edible has an interest as the seller. Fast Shipping LLC, being merely the carrier, does not have an insurable interest in the goods.

Confection Corporation Orders Double Chocolate Bars from Edible Distribution Company