Examlex
Match the following items with the appropriate designation (Current liability, Long-term liability, or Not a liability) .
-Debt guarantees
Bystander Theory
A legal theory suggesting a person or entity may be liable for injuries to a bystander caused by their failure to control or warn about hazards they are responsible for.
Warning Label
A label on a product that indicates potential hazards to consumers and outlines measures to prevent accidents or injuries.
Strict Product Liability
A legal doctrine that holds manufacturers, distributors, or sellers liable for damages caused by defective products, regardless of fault or negligence.
Strict-Liability Action
Legal action where the defendant is held liable for damages without the need for proof of negligence or fault.
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