Question: Short Answer Questions Continued (20 points total) 3. After partnering with an advertising agency for guidance regarding promotional ideas for an ad campaign, a retail

Short Answer Questions Continued (20 points total) 3. After partnering with an advertising agency for guidance regarding promotional ideas for an ad campaign, a retail company initiates a marketing blitz via social media to advertise its latest product. After the product is released, the retail company is sued by a third-party claiming copyright infringement associated with the marketing blitz. Fortunately, the retail company's insurance company provides a defense to the lawsuit and payment towards settlement in excess of the retail company's retention. Define the principle of subrogation and explain how it might be relevant in this case? (12 points overall, 6 points for definition and 6 points for relevancy) How does subrogation support the principle of indemnity from the retail company's insurer's perspective? (8 points)

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