Essay
Answer the following:
a. What is an insurable interest? At what point in a sales transaction does the buyer get an insurable interest?
b. Is the buyer the only one who has an insurable interest in the goods? Is it possible for both the buyer and the seller to simultaneously hold an insurable interest? Explain.
An insurable interest is a property interest that allows a party to purchase
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a. insurance on the goods. Under the Cod...View Answer
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