Peak Sales Corporation orders goods from Quick Stock Company.Peak plans to market the goods to consumers generally.Quick identifies the goods.Before they are shipped to Peak,an insurable interest in the goods exists in

Question

Quizplus · Accepted Answer

An insurable interest exists in both Peak and Quick because Quick has identified the goods for Peak, but consumers generally do not have an insurable interest as they have not yet purchased or taken possession of the goods.

Peak Sales Corporation Orders Goods from Quick Stock Company