Which of the Following Liabilities Is NOT Contingent

question 62

Multiple Choice

Which of the following liabilities is NOT contingent?

• A) A liability to replace a specific defective television set already returned to the manufacturer
• B) A liability to pay pension benefits if a specific employee lives to retirement
• C) A liability to pay any adverse judgment for a product liability case currently on appeal
• D) A liability to pay for books received by a college bookstore under terms that allow for the return for full refund of any books not sold

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Definitions:

Adaptive Coping Skill

Strategies or techniques that individuals use to manage and navigate stressful situations effectively.

Spirituality

An individual's sense of peace, purpose, and connection to others, and beliefs about the meaning of life.

Psychosocial Development

The development process that involves changes in both psychological and social aspects throughout an individual's lifetime.

Erickson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans.