A Contingent Liability Is a Potential Obligation That Depends on a Future

question 204

True/False

A contingent liability is a potential obligation that depends on a future event arising from a past transaction or event.

---

Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Western Cultural Prejudice

A bias or judgment based on the standards and values of Western societies, often ignoring or devaluing those of other cultures.

Karen Horney

A psychoanalyst best known for her theory on neurosis, which challenged traditional Freudian views, particularly regarding female psychology.

Inferiority Complex

Feelings of inferiority hypothesized by Adler to serve as a central motivating force.