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Title: Section 451.152 - Indirect liability

451.152 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.

(c) A contingent liability.


VOLUME D (Title 10)