The moment the contract goods are identified by the lessor or seller, the lessee or buyer...

The moment the contract goods are identified by the lessor or seller, the lessee or buyer has a property interest in the goods, and therefore an insurable interest.

a. This statement is true.

b. This statement is false.

Solutions

Expert Solution

a. This statement is true

Insurable interest is the property interest in goods being sold or leased that is sufficiently substantial to permit a party to insure against damage to goods.

keosha answered 1 year ago

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