A buyer has an insurable interest in goods when they are identified.

Name: A buyer has an insurable interest in goods when they are identified.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When goods are identified and set aside for a particular buyer, the buyer has an insurable interest in them. This means the buyer would suffer a financial loss if the goods were damaged or destroyed, and therefore the buyer can insure them against such losses.

A Buyer Has an Insurable Interest in Goods When They