Factual error: The discharge from an electric eel doesn't make flashes of light or sparks in the water, as shown in this film. (00:30:00)
Factual error: When the air hose on the truck is severed, the brakes release. In reality, on an air-braking system, if the air hose is severed, the brakes lock on as a safety measure.
Factual error: A shotgun cannot make such a large hole in a wooden wall as it does in the bar where Bond meets Pam. A slug would make a single smaller hole, and pellets would make several small holes.
Factual error: Bond has been thrashing for his life in a cloud of powdered cocaine. He should be high as a kite, but shows no signs of being affected by the drugs at all.
Factual error: At the casino in Isthmus City, Bond is asked to cut the deck. He does that physically - splitting the deck in two. No casino in the world allows the players to touch the cards. The cut is made by inserting a plastic card in the relevant place.
Chosen answer: "License to Kill" is partly based on the novel "Live and Let Die" and the short story "Hilderbrand Rarity". However, it is the first Bond film not titled after a book. While "The Spy Who Loved Me" shares its name with a book, it was the first Bond film not based on a book (though subsequently, there was a novelization of the film.) "Goldeneye" is the first film not based on a book AND not titled after a book.