Quik Sales Corporation orders goods from Re Stock Company. Re plans to market the goods to consumers generally. Re identifies the goods. Before they are shipped to Quik, an insurable interest in the goods exists in
A) Quik and Re, but not consumers generally.
B) Quik only.
C) Quik, Re, and consumers generally.
D) Re only.

Question

Quizplus · Accepted Answer

Both Quik and Re have an insurable interest in the goods. Quik has an interest because they have ordered the goods, and Re has an interest because they own the goods until they are shipped. Consumers generally do not have an insurable interest as they have not yet purchased or contracted for the goods.

Quik Sales Corporation Orders Goods from Re Stock Company