1. Jill, an agent for a department store, orders one hundred hats from Vic's Hat Shop for the Spring Blossom Sale. There is no specific agreement in the sale contract indicating when title, risk of loss, or an insurable interest will pass to the department store.

-What are title, risk of loss, and insurable interest? (5 points)

-Based on the facts as stated, when will each of the three interests (title, risk of loss, and insurable interest) be transferred from Vic's tothe department store?(5 points)