Ruppart Manufacturing has a contract for the sale of 100 cases of teaching supplies to Teachers Co-op, Inc Payment of the order is to be made in installments over the next year. Ruppart Manufacturing keeps a security interest in the cases sold to assure payment by Teachers Co-op, Inc When the order is completed, Ruppart ships the order. Legally:
a. both Ruppart and Teachers have an insurable interest in the supplies.
b. only Ruppart has an insurable interest in the supplies.
c. only Teachers has an insurable interest in the supplies.
d. neither Ruppart nor Teachers has an insurable interest in the supplies.
a
Business
You might also like to view...
Standardized global marketing is the strategy employed by global companies that define their markets narrowly
Indicate whether the statement is true or false
Business
With the workload approach, business market managers estimate the total efforts that sales personnel must undertake to serve the entire marketplace
Indicate whether the statement is true or false
Business