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3)The terms waiver and estoppe l as regards the law of insurance have nearly the same effect, yet they have totally opposite meanings. Explain. 4)The

3)The terms waiver and estoppel as regards the law of insurance have nearly the same effect, yet they have totally opposite meanings. Explain.

4)The legal concept of bailment may be classified by considering for whose benefit the bailment is intended. Identify the three types of bailments under such classification and give an example of each.

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