Cybermakers has contracted with a computer chip manufacturer to buy a quantity of computer chips for delivery the following month.These computer chips are in the seller's warehouse,and the contract's shipping terms are F.O.B shipping point.At this point,prior to the chips being shipped,who has an insurable interest in the computer chips?

Question

Quizplus · Accepted Answer

Both the buyer and seller have an insurable interest. The seller has an interest until the chips are shipped, and the buyer has an interest because they have contracted to purchase the chips.

Cybermakers Has Contracted with a Computer Chip Manufacturer to Buy