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:

Centering Control

A method or technique used to maintain focus and balance, often applied in psychology or physical activities.

Holter Monitoring

A continuous, portable form of electrocardiography, used to record heart activity over a 24 to 48-hour period during normal activities.

Electrical Activity

The movements of electrons or charged particles, often used in contexts such as neural signals or the operation of devices.

24-Hour Period

A full day; the time it takes for the Earth to complete one full rotation relative to the sun, comprising both day and night.