Examlex
Which of the following statements is FALSE?
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.
Defective Product
An item that is not fit for its intended purpose due to manufacturing flaws, design defects, or inadequate warnings, potentially leading to consumer harm.
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