Which of the following statements is true of an insurable interest in goods?

A. Sellers have an insurable interest in goods at the moment the goods are identified to the contract.
B. Sellers have an insurable interest in their goods as long as they have title to the goods or a security interest in them.
C. Buyers have an insurable interest in goods at the moment they pay for the goods.
D. Buyers have an insurable interest in goods at the moment they get the title to the goods.


Answer: B

Business

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