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

Question

Quizplus · Accepted Answer

An insurable interest in the buyer is created when the goods are specifically identified to the contract, as this action ties the particular goods to the buyer's obligations and benefits under the contract.

With a Simple Delivery Contract, When Is an Insurable Interest