A buyer and a seller cannot normally have an insurable interest in iden?tical goods at the same time.

Name: A buyer and a seller cannot normally have an insurable interest in iden?tical goods at the same time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both a buyer and a seller can have an insurable interest in the same goods at the same time, especially during the transition of ownership, where the seller may still have an interest until payment is complete and the buyer has an interest upon agreement to purchase.

A Buyer and a Seller Cannot Normally Have an Insurable