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2. (10 points) Nearly all insurance policies are sold by someone acting as an agent of the insurer (the principal). Under normal contract law the

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2. (10 points) Nearly all insurance policies are sold by someone acting as an agent of the insurer (the principal). Under normal contract law the principal is responsible for the acts of its agent and can be bound by the statements made by its agent. A Are an insurance agent's promises an exception to the entire contract clause? Why or why not

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