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  3. Study Set
    Business Law and the Regulation of Business Study Set 2
  4. Exam
    Exam 21: Transfer of Title and Risk of Loss
  5. Question
    Wayne Sells James a Forklift, but Retains a Security Interest
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Wayne Sells James a Forklift, but Retains a Security Interest

Question 1

Question 1

True/False

Wayne sells James a forklift, but retains a security interest in the equipment. Wayne no longer has an insurable interest in the forklift since title has passed to James.

Correct Answer:

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