Examlex
According to the structural-functional approach, which of the following social institutions is considered to be the most important?
Fraud
The act of intentionally deceiving or misleading another person or entity for financial or personal gain, resulting in harm or loss.
Liability
A legal responsibility or obligation, either financial or otherwise, that arises from actions or transactions.
Misrepresentation
A false statement or omission of a fact that induces another party to enter into a contract or transaction under false pretenses.
Product Liability Suit
A legal claim brought against a manufacturer or seller for producing or selling a faulty product that caused harm to the consumer.
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