The "commitments and contingencies" disclosure note from the financial statements may provide valuable information related to off-balance financing and other complex financing arrangements. unquantified business operations can pose as potential liabilities or litigations that can affect a firm in the future. for your selected company, identify any potential liabilities from the "commitments and contingencies" note. review the information and explain why this information was determined to be a potential liability. from a managerial perspective, how would you respond? participate in discussion further by responding to peers, providing a detailed explanation as to whether you agree or disagree with their rationale regarding potential liabilities and action taken from management.