The General Rule with Respect to Occupier's Liability for Responsibility

question 66

True/False

The general rule with respect to occupier's liability for responsibility to a licensee is for the occupier to make the licensee aware of any unusual danger of which the occupier is aware.

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Definitions:

Bonds Payable

Long-term liabilities representing money a company owes to bondholders, to be repaid at some future date plus interest.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, included on the income statement.

Semi-Annually

Occurring twice a year or every six months, typically used in relation to payments, reports, or interest accruals.

Instalment Payments

Payments made regularly over a period of time to settle a debt.