In the famous case of Taylor v. Caldwell, 3 B. & S. 826, 122 Eng. Rep. 309
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a. What factors enable one party to prevent a risk better than another?
b. What factors enable one party to insure against a risk better than another?
c. Do these factors tend to converge or diverge, or is their association merely coincidental?
d. How would you decide this case in light of economic analysis?
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