Question: Mitchell bought a car for $1,600 and spent an extra $2,100 on improvements. After the improvements were completed Mitchell completed a proposal form declaring that

Mitchell bought a car for $1,600 and spent an extra $2,100 on improvements. After the improvements were completed Mitchell completed a proposal form declaring that the purchase price of the car was $3,700. XYZ Insurance Company issues a policy which stated that the purchase price was $3,700. Shortly afterwards the car was stolen. Under Common Law, how much will the insurance company have to pay? Select one: a. Nothing b. $1,600 c. $2,100 d. $3,700

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