1 If you are writing a report about a specific person, company, or place, try to find their own website. 2  For instance, if you are writing a report on Jane Goodall, a great source would be using the Jane Goodall Institute website. If you are writing a report about a specific person, company, or place, try to find their own website. 2  For instance, if you are writing a report on Jane Goodall, a great source would be using the Jane Goodall Institute website.
Contingent Liability. A liability that a company may have to pay, but only if a certain future event occurs. Usually, a contingent liability refers to the outcome of a lawsuit: that is, the company may have to pay a significant amount of money if it loses the lawsuit.ontingent liability. An obligation that may result, but is not likely to result because the event causing the obligation is improbable.
The answers to both, however, are fairly straightforward. A contingent fee is a fee arrangement in which the amount of the fee is dependent on the attainment of a specific result for the clientâfor example, a fee based on the amount of a clientâs tax refund, or the amount of loan a client receives from a bank.