What contingent liabilities could be created

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Toyota is a car manufacturer that has issued several recalls over the years. One major recall centered on faulty air bags from Takata. A prior recall focused on unintentional pedal acceleration. Research information about the car manufacturer, and one of the two recall situations described. Answer the following questions:

Problem 1: What are some of the main points discussed in the supplements you researched?

Problem 2: What negative impact did this recall have on Toyota?

Problem 3: As a result of the recall, what contingent liabilities were (or could be) created?

Reference no: EM132759866

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