Please download the 2019 annual reports of Equifax and Chipotle. Please read the liability section of the Balance Sheets and the footnote for "Commitment and Contingency". The balance sheets are located within "Item 8: Financial Statements and Supplementary Data". The "Commitment and Contingencies" are in Footnote 6 for Equifax and footnote 13 for Chipotle. (You don't have to understand the entire footnote.) 

Answer the following questions 

1. Summarize the 2017 Cyber security Incident of Equifax to your grandmother and explain what is the impact of the incident on the company's liability. Describe one specific example of such an impact. 

2. Describe one example of commitment and contingency of Chipotle to your grandmother and explain why it is a liability