(PA-5 Confusing: Although This Question Says "Could Be",the Text Sites

question 182

True/False

(p.A-5 Confusing: although this question says "could be",the text sites cases that conclude that manufacturers would not be liable. )Under the doctrine of product liability,gun manufacturers could be held liable for the costs of police work and medical care brought about by gun violence.

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Definitions:

Financial Liability

An obligation to deliver cash or another financial asset to another entity, or to exchange financial instruments under potentially unfavorable conditions.

Offset Conditions

Conditions that allow entities to negate or counterbalance one position with another, commonly used in accounting and finance to manage risk or net-off liabilities against assets.

Different Financial Instruments

Various types of investment assets, including stocks, bonds, derivatives, and mutual funds, that provide a way for individuals and businesses to invest, finance operations, or manage risk.

Financial Instrument

A contract that leads to the creation of a financial asset for one party and results in a financial liability or equity instrument for another party.