Multiple Choice
On September 1,Mike enters into an agreement with Kelly to purchase 100 sets of headphones.The contract entered into between Mike and Kelly is a shipment contract.On September 10,Kelly identifies the 100 sets of headphones that will be sent to Mike.On September 15,Kelly ships the headphones.Mike receives the headphones on September 20.When does Kelly's insurable interest terminate?
A) on September 1
B) on September 10
C) on September 15
D) on September 20
E) Kelly never had an insurable interest.
Correct Answer:

Verified
Correct Answer:
Verified
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