Briefly describe the meaning of contractual liability and contingent liability.

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Briefly describe the meaning of "contractual liability" and "contingent liability."

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Principles of Risk Management and Insurance

ISBN: 978-0134082578

13th edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Oct 19, 2016 09:53 AM

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Briefly describe the meaning of contractual liability and contingent liability.

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Contractual liability means that the individual or business firm agrees to assume the legal ...View the full answer

Principles of Risk Management and Insurance

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