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MARINE INSURANCE ACT 1906 - SECT 7

Defeasible or contingent interest.

7.(1) A defeasible interest is insurable, as also is a contingent interest.

(2) In particular, where the buyer of goods has insured them, he has an
insurable interest, notwithstanding that he might, at his election, have
rejected the goods, or have treated them as at the seller's risk, by reason of
the latter's delay in making delivery or otherwise.


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© 1906 Crown Copyright

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