A Contingency Need Not Be Recorded nor Disclosed When

question 108

Multiple Choice

A contingency need not be recorded nor disclosed when

• A) it is probable the contingency will happen and the amount can be reasonably estimated.
• B) it is probable the contingency will happen but the amount cannot be reasonably estimated.
• C) it is reasonably possible the contingency will happen and the amount can be reasonably estimated.
• D) the possibility of the contingency happening is remote.

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Definitions:

Wire Fence

A barrier made from wire strands to enclose an area, often used for securing property boundaries.

Failed to Lock

An unsuccessful attempt to secure or fix in place, often referring to security measures or mechanisms.