Title: Section 441.175 - Indirect liability

441.175 Indirect liability. (a) An obligation not yet incurred but for which responsibility may have to be assumed in the future; as, the possible liability from the premature settlement of a long-term contract.

(b) A debt of another, as the result of which an obligation to pay may develop; a contingent liability.
 

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VOLUME C (Title 10)

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