A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
Contractual liability insurance is something purchased to protect a person entering into a contract, when that contract means that they agree to be responsible for any liability.
onerous.
How to calculate vat on works contract
limitation of liablity
Liablity assumed in a contract.
A forward exchange contract is not typically considered a liability on its own; rather, it is a financial instrument used to hedge against currency risk. However, it may result in a liability if the contract has a negative fair value at the reporting date, meaning the company would incur a loss if it settled the contract at that moment. In such cases, the negative fair value is recognized as a liability on the balance sheet. Overall, whether it is classified as a liability depends on the specific circumstances and the valuation of the contract.
how to calculate vat liability under works contract under delhi vat
A contract provision that relieves a party to the contract from liability is known as
A commenda contract is a contract originating in medieval Italy (10th century) in which a trader on a ship does not have liability for the goods being traded as long as the trader does not break the rules of the contract. The investors have unlimited liability.
A term included in a contract that seeks to limit the liability of a party under the contract
Onerous means difficult or unpleasant to deal with.