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A $300,000 $500,000 bodily injury liability automobile policy could pay up to a total of $500,000 to all injured victims in one accident.
Legal responsibility is something someone or agency owes, normally a sum of money. Liabilities are settled through the years thru the transfer of economic blessings together with cash, goods, or offerings.
assets are the objects your corporation owns that may offer future financial gain. Liabilities are what you owe different parties. In brief, property put money in your pocket, and liabilities take cash out!
Liability is what a person or organization owes cash on. This includes the responsibility to pay taxes, loans, mortgage payments, and invoices for goods and services.
Learn more about liability here https://brainly.com/question/25687338
#SPJ4
A $300,000 $500,000 bodily injury liability automobile policy could pay up to a total of $500,000 to all injured victims in one accident.
Legal responsibility is something someone or agency owes, normally a sum of money. Liabilities are settled through the years thru the transfer of economic blessings together with cash, goods, or offerings.
assets are the objects your corporation owns that may offer future financial gain. Liabilities are what you owe different parties. In brief, property put money in your pocket, and liabilities take cash out!
Liability is what a person or organization owes cash on. This includes the responsibility to pay taxes, loans, mortgage payments, and invoices for goods and services.
Learn more about liability here brainly.com/question/25687338
#SPJ4
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