Holz Shipping Company has a contract to use one of its cargo ships to transport a manufacturer's products from the Port of Savannah to Europe. After it delivers the goods to Europe, Holz plans to find a European company that wants its goods shipped back to the United States for the return trip. Before it leaves the United States, Holz would like to purchase property insurance that would cover any damage to the cargo on its ship that might occur while Holz is transporting it to and from Europe. Which of the following statements is (are) true? (Check all that apply.) Holz cannot purchase the insurance for the trip from Europe to the U.S. unless and until it shows that it has an insurable interest in the cargo. Holz cannot collect for any damage to the cargo unless and until it shows that it has an insurable interest in the property at the time of the loss. Holz cannot purchase the insurance for the trip from the U.S. to Europe unless and until it shows that it has an insurable interest in the cargo. Holz has an insurable interest in the cargo it is transporting even though it does not own the cargo. As a general rule, in which of the following situations should you NOT use retention to deal with loss exposures? (Check all that apply.) | the losses from the exposure are unpredictable | the maximum possible loss is high but there is only a small chance that it will occur the exposure usually produces a large number of losses, but the individual losses are small in amount both the number and size of the losses from the exposure are high