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    grad1's Avatar
    grad1 Posts: 4, Reputation: 1
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    #1

    Sep 23, 2015, 03:55 PM
    Liability recognition
    A company signs 5 year contract with current conductor for 2million a year in 2012,to be spokesman for company beginning 2012. Does the company have a liability
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Sep 23, 2015, 05:22 PM
    There may be a continguency should there be default clauses, and this type of contract may attract product or public liabilities depending upon the type of representations made, such liabilities should be recognised
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