Question

Summit sales corporation orders goods from overstock company. summit plans to market the goods to consumers generally. overstock identifies the goods. before they are shipped to summit, an insurable interest in the goods exists in

Answer 1

The answer to this question is that Insurable interest in the goods exist in both Summit and Overstock Company, but not to consumers in general. Insurable interest is a concern of a person or a company to have a benefit to obtain insurance to a person or a company against lossess.