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gizmo_the_mogwai [7]
4 years ago
6

A legal obligation that involves repaying a debt is called a

Social Studies
1 answer:
LenKa [72]4 years ago
6 0
It's called a Liability.

The legal obligation will be much stronger if you put it under writing.  Liabiity usually recorrded on the right side of Company's Ledger. The ammount of Liability that a company has must be identical to the ammount that you get when you cut the total ammountt of owner's ewuity from the company's asset
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