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    Exam 3: Development of Institutional Structure of Financial Accounting
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    The Liability Concept That Can Result in One Party Having
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The Liability Concept That Can Result in One Party Having

Question 27

Question 27

Multiple Choice

The liability concept that can result in one party having to pay for more than its proportionate share of damages is called:


A) proportionate liability.
B) compensatory liability.
C) joint and several liability.
D) punitive liability.

Correct Answer:

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