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With Goods in Bailment,when Is an Insurable Interest Created

Question 56

Multiple Choice

With goods in bailment,when is an insurable interest created?


A) Only when either party has title to the goods
B) When either party has title or a risk of loss, but not under any other circumstances
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 an insurable interest in a goods-in-bailment contract

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