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.
Types of Liabilities Liabilities imply a duty or responsibility to pay on demand or on an occurrence of certain transaction or event. Liabilities also arise from borrowings which may be made to improve business or personal income and are paid back over an agreed period of an interval, which may be of the short period or long period.