Examlex
What is the balance sheet? What is its purpose?
Distributor's Liability
Legal accountability faced by distributors for selling or distributing defective products that cause harm or loss to the purchasers.
Manufacturer's Negligence
Occurs when a manufacturer fails to meet a duty of care owed, leading to a defective product that causes harm.
Fiduciary Duty
A legal obligation to act in the best interest of another party, typically involving a relationship of trust, such as between a trustee and the beneficiaries of the trust.
Financial Risk
The possibility of losing financial capital due to market fluctuations, operational failures, or other external events.
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