In a Goods-In-Bailment Contract, When Is an Insurable Interest Created

Multiple Choice

In a goods-in-bailment contract, when is an insurable interest created?

A) When either party has title to the goods
B) When either party has title or a risk of loss
C) When either party has title, risk of loss, or other economic interest attached to the goods
D) Two days after either party has title to the goods
E) Never, there is no such thing as a goods-in-bailment contract