Commercial Law, 2014 Bar — Question X

MULTIPLE CHOICE

A person is said to have an insurable interest in the subject matter insured where he has a relation or connection with, or concern in it that he will derive pecuniary benefit or advantage from its preservation. Which among the following subject matters is not considered insurable? (1%) A) A partner in a firm on its future profits; B) A general creditor on debtor's property; C) A judgment creditor on debtor's property; D) A mortgage creditor on debtor's mortgaged property.

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