With a simple delivery contract,when is an insurable interest in the buyer created?
A)When the goods are identified to the contract
B)When goods are identified to the buyer
C)When money is transferred
D)When the items are delivered
E)When the buyer takes possession

Question

Quizplus · Accepted Answer

A)With a simple delivery contract,insurable interest is created in the buyer when
the goods are identified to the contract,in other words,at the same time that title passes.
B)With a simple delivery contract,insurable interest is created in the buyer when the goods are identified to the contract,in other words,at the same time that title passes.
C)With a simple delivery contract,insurable interest is created in the buyer when the goods are identified to the contract,in other words,at the same time that title passes.
D)With a simple delivery contract,insurable interest is created in the buyer when the goods are identified to the contract,in other words,at the same time that title passes.
E)With a simple delivery contract,insurable interest is created in the buyer when the goods are identified to the contract,in other words,at the same time that title passes.

With a Simple Delivery Contract,when Is an Insurable Interest in the Buyer