A Contingent Liability Is a Liability That May Be Incurred

question 14

True/False

A contingent liability is a liability that may be incurred if some future event takes place.

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Definitions:

Mechanism

The sequential order of basic reactions that facilitate the overall process of chemical transformation.

2-Chloro-2-methylpentane

A type of haloalkane where a chlorine atom is bonded to a carbon in a 2-methylpentane structure, often used in organic chemistry studies.

Sodium Ethoxide

A sodium salt of ethanol, used primarily as a strong base in organic synthesis, formed by the reaction between ethanol and sodium metal.

Ethanol

A volatile, flammable, colorless liquid alcohol, widely used as a solvent, in medicine, and as the intoxicating ingredient in alcoholic beverages.