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irina [24]
3 years ago
12

Legal obligations that carry punishments, if not followed, are ____?

Business
1 answer:
crimeas [40]3 years ago
4 0
Legal obligations that carry punishments, if not followed, are liabilities.

Liabilities are wrongfully<span> binding obligations that </span>are collectible to a different<span> person or entity. Settlement of a liability </span>is often accomplished<span> through the transfer </span>of cash<span>, goods, or services. A liability is </span>hyperbolic within the<span> accounting records with a credit and </span>shrunken<span> with a debit.</span>
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