Even If a Harmful Product Cannot Be Traced Back to a Particular

question 29

True/False

Even if a harmful product cannot be traced back to a particular manufacturer, a plaintiff may still be able to recover in a products liability action under the market share theory.

---

Definitions:

Liabilities

Financial obligations or debts owed by a company to creditors.

Equity

The value of an ownership interest in property, including shareholders' ownership in a company.

Accounting Equation

The fundamental principle of accounting stating that Assets = Liabilities + Equity.

Measurement Principle

A financial accounting principle that determines the specific basis (historical cost or fair value) on which assets and liabilities are recorded in the financial statements.