Which of the following statements about liability losses is true?
A) They arise from two sources: the obligation to pay legal damages, and the resulting bad publicity.
B) The obligation to pay legal damages is always more expensive than the cost of defense.
C) Defense costs can be expensive, unless the court finds that the plaintiff's claims are groundless.
D) None of the above is true.
D
You might also like to view...
Theories can grow when there is a deeper and more nuanced understanding of the original principles. This is known as ______.
A. induction B. deduction C. intension D. extension
Which of the following accounts has a normal debit balance?
a. Dividends b. Common Stock c. Unearned Fees d. Retained Earnings
The inability of a debtor to pay a debt because of bankruptcy does not constitute default
Indicate whether the statement is true or false
Which one of the following options is not a type of swap?
A) the sale of foreign currency short-term forward against the purchase of foreign currency forward B) the purchase of foreign currency short-term forward against the sale of foreign currency long-term forward C) the purchase of foreign currency spot against the sale of foreign currency forward D) the sale of foreign currency short-term forward against the purchase of foreign currency long-term forward