Antrell made an offer to purchase a building on the Leech Lake Indian Reservation for $300. He

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Antrell made an offer to purchase a building on the Leech Lake Indian Reservation for $300. He paid $100 in cash at the time he made the offer and received the keys to the structure. Without examining the property, his insurance company issued a policy with a face value of $16,000. Several months later, fire totally destroyed the structure. At the time of the loss, Antrell had not paid the balance of the purchase price nor had the title been transferred. The company claims that the plaintiff did not have the required insurable interest and that, therefore, the company was not liable on the policy. Do you think the company should pay? (Antrell v. Pearl Assurance Company, 89 N.W.2d 726)

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