When obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability, it is called

When obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability, it is called Correct Answer Contingent liability

When obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability, it is called Contingent liability. Contingent liability is a potential liability that may occur, depending on the outcome of an uncertain future event.
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Related Questions

Each of the following problem has a question and two statements which are labeled 1. and. Use the data given in 1. and 2. to decide whether the statements are sufficient to answer the question.Select one of the following . a.Statements (1) ALONE is sufficient,but (2) ALONE is not sufficient. b.Statements (2) ALONE is sufficient,but (1) ALONE is not sufficient. c. Both statement TOGETHER are sufficient but statement alone is sufficient . A worker is hired for six days.He is paid Tk.2 more for each day of work than he was paid for the preceding day of work.How much was he paid for the day of work?
Propositions as regards the liability of the surety under the surety bond are:
1. The liability of the surety is mutually exclusive of the liability of the accused under his personal bond.
2. The liability of the surety is contingent on the liability of the accused under his personal bond the liability of the surety.
3. is limited to the amount of the surety bond.
Now which of the following is correct
Each of the following problem has a question and two statements which are labeled 1. and. Use the data given in 1. and 2. to decide whether the statements are sufficient to answer the question.Select one of the following . a.Statements (1) ALONE is sufficient,but (2) ALONE is not sufficient. b.Statements (2) ALONE is sufficient,but (1) ALONE is not sufficient. c. Both statement TOGETHER are sufficient but statement alone is sufficient . What is the volume of rectangular box S? (1) The total surface of S is 22.(2) The rectangular box S is a cube
Each of the following problem has a question and two statements which are labeled 1. and. Use the data given in 1. and 2. to decide whether the statements are sufficient to answer the question.Select one of the following . a.Statements (1) ALONE is sufficient,but (2) ALONE is not sufficient. b.Statements (2) ALONE is sufficient,but (1) ALONE is not sufficient. c. Both statement TOGETHER are sufficient but statement alone is sufficient .How many minutes are there is time period T? (1) Time period T extends from 12.00 midnight to 12.00 noon.(2) Time period T is 2 hours and 180 seconds long.
Each of the following problem has a question and two statements which are labeled 1. and. Use the data given in 1. and 2. to decide whether the statements are sufficient to answer the question.Select one of the following . a.Statements (1) ALONE is sufficient,but (2) ALONE is not sufficient. b.Statements (2) ALONE is sufficient,but (1) ALONE is not sufficient. c. Both statement TOGETHER are sufficient but statement alone is sufficient .Car X traveled from city A to city B in 30 minutes.What was the average speed of car X? (1) Half the distance of the trip was covered at 50 miles per hour, and the other half of the distance was covered at 60 miles per hour.(2) Car X traveled 30 miles during the trip.
Each of the following problem has a question and two statements which are labeled 1. and. Use the data given in 1. and 2. to decide whether the statements are sufficient to answer the question.Select one of the following . a.Statements (1) ALONE is sufficient,but (2) ALONE is not sufficient. b.Statements (2) ALONE is sufficient,but (1) ALONE is not sufficient. c. Both statement TOGETHER are sufficient but statement alone is sufficient . A fly crawls around the outside of a circle once.A second fly crawls around the outside of a square once.Which fly travels further ? (1) The diagonal of the square is equal to the diagonal of the circle.(2) The fly crawling around the circle took more time to complete has journey than the fly cawing around the square.
Each of the following problem has a question and two statements which are labeled 1. and. Use the data given in 1. and 2. to decide whether the statements are sufficient to answer the question.Select one of the following . a.Statements (1) ALONE is sufficient,but (2) ALONE is not sufficient. b.Statements (2) ALONE is sufficient,but (1) ALONE is not sufficient. c. Both statement TOGETHER are sufficient but statement alone is sufficient . Is K a multiple of 6? (1)K is a multiple of 3. (2) K is a multiple of 12.
Which one of the following statements is correct about homogeneous test
1. Validity is dependent upon reliability
2. Reliability is dependent upon validity
3. Reliability and validity are contradictory
4. Poor reliability yields high validity
Select your answer:
Three workers X, Y and Z, are paid a total of Tk.5,500 for particular jobs. X paid 133.33% of the amount paid to Y and Y is paid 75% amount paid to Z.How much is paid to Z?
Read the following statements in the light of Hindu Adoptions and Maintenance Act, 1956 and give correct answer with the help of given below:
(1) The obligation of husband to maintain his wife is co-extensive with his property.
(2) Section 18(2) provides for maintenance and separate residence of wife in some conditions.
(3) Father-in-law's obligation to maintain widowed-daughter-in-law is a personal obligation.
(4) An unchaste and non-Hindu wife is not entitled to maintenance.