Question

8. Owen buys a light fixture from an online merchant under a contract covered by the UCC. He first receives an insurable interest in the lamp:

a. at the moment the contract was formed.
b. at the moment the goods covered by the contract are identified.
c. as soon as he takes possession of the goods.
d. at the moment the seller tenders the goods for delivery.

Answer 1

Option B is correct answer

Step-by-step explanation:

• The products to which the contract relates are known at the moment.
• Uniform Commercial Code, Investment Remark is a valid form that a lender files to sign a contract that an individual who owes its existence to the lender, as typically indicated in the debt-creating contract, has or might have a value in the personal property.

therefore the given goods must be covered .