Next Generation Bar Exam Quiz
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BUSINESS ASSOCIATIONS AND RELATIONSHIPS
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SecureLife Insurance Co. employs Dana as a financial services representative. Her job is marketing SecureLife annuity products and helping customers complete applications. SecureLife's advertising features Dana in its offices and refers to her as a trusted SecureLife advisor. Dana is expressly forbidden to promise that any product is guaranteed or risk-free. At a meeting with a customer at SecureLife's office, Dana told him a particular annuity was backed by SecureLife, had him sign an application, and instructed him to transfer funds from his bank to SecureLife's account. She then caused the funds to be diverted to a shell company she controlled and disappeared.
Is SecureLife vicariously liable for Dana's fraud?
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