Which of the Following Would Be Considered a Long-Term Liability

question 86

Multiple Choice

Which of the following would be considered a long-term liability?

• A)A charge accountpayment
• B)A 36 month car loan
• C)An installment loan
• D)An amount due for taxes
• E)The amount due on a credit card

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Definitions:

Rebuttable Presumption

A legal assumption that can be challenged and disproven with evidence.

Undue Influence

Excessive pressure or influence applied by one individual to another in order to gain an unfair advantage.

Balance Of Probabilities

The standard of proof in civil cases, where the case that is more probable to be true is accepted over the other.

Properly Sealed

Ensuring that a container or package is securely closed and tamper-evident, often to maintain freshness or prevent contamination.