A fraternity built a float on the back of a truck at the fraternity house for use in a parade. During the parade, part of the float fell and injured a woman stationed on the float. Assuming that the members of the fraternity were negligent in constructing the float, who is liable?

1)	The insurer of the fraternity is liable in all cases.

2)	The insurer of the fraternity may be liable depending upon the exclusions in the insurance policy.

3)	The injured woman is liable for her own injuries.

A grantor/grantee index:

1)	Is organized by tracts of land.

2)	Is organized in alphabetical order of both grantor and grantee name.

3)	Is available only under the Torrens system.