WebbLimited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or … WebbThe example of contingent liability is the legal liability. The expenses or the amount that is involved in the litigation of the company. In simple words, the legal expenses that can be borne by a company, if a case is filed against it are counted as contingent liabilities, and obviously they are uncertain 8as per as time and can occur at any time.

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WebbThe sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These … WebbMagazine are partnership are contracts that form the understanding under business partners to pool labor and capital and share inches profit, los, also accountability. Our of partner are contracting that form an agreement among business join toward pond labor and capital and share to profit, loss, and liability. degrassi: the next generation episode guide

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WebbDefinition of Liability. Liability of the business reflects that there will be a transfer of entity’s economic benefit (mostly sum of money) in the future to other entities (suppliers, … Webbliability noun li· a· bil· i· ty ˌlī-ə-ˈbi-lə-tē plural liabilities 1 : the quality or state of being liable 2 : something for which one is liable: as a : a financial obligation : debt tax liability the … fencing cavan