Which of the Following Is Not an Example of a Loss

question 84

Multiple Choice

Which of the following is not an example of a loss contingency?

• A) guarantees of obligations of others
• B) income tax disputes under appeal
• C) the client's claim against another for patent infringement
• D) secondary endorsements
• E) product warranties

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Definitions:

True

In accordance with fact or reality, not false.

Proposition

A contention that represents a judgment or point of view.

Division

In mathematics, the operation of ascertaining how many times one number is contained within another; in logic, a fallacy that assumes what is true of the whole is also true of its parts.

Fallacy

An incorrect reasoning process that results in the invalidity of an argument.