Design Data sold a piece of machinery to HHB Drafting Company. However, after HHB had taken possession
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Design Data sold a piece of machinery to HHB Drafting Company. However, after HHB had taken possession of the machine, it discovered damage and revoked the contract. The court found that the revocation was legitimate. Design Data filed an insurance claim with its carrier to recover the loss from the damage to the machinery. The insurance company denied the claim stating that the seller no longer had an insurable interest? Is that true?
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Related Book For
Dynamic Business Law
ISBN: 9781260733976
6th Edition
Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs
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