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Question II

2015 Bar · Mercantile Law · 1 sub-question

A. Novette entered into a contract for the purchase of certain office supplies. The goods were shipped. While in transit, the goods were insured by Novette. Does she have an insurable interest over the goods even before delivery of the same to her? Explain. (2%) B. Will an insurance policy be binding even if the premium is unpaid? What if it were partially paid? (3%)

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