Which one of the following options best describes the Egg Shell Skull Rule? Select one: a. The amount of compensation relates only to psychological injuries sustained by the victim at the time of the accident b. The amount of compensation depends on the 'state of being' of the victim at the time of the accident c. The amount of compensation does not depend on the 'state of being' of the victim at the time of the accident d. The amount of compensation does not depend on the psychological impact suffered by the victim at the time of the accident e. The amount of compensation must be the same for each victim

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A: The answer is provided as follows:

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A: SOLUTION  REPRESENTATION LETTER  IS A LETTER WRITTEN FROM THE ASSOCIATION TO ITS  ACCOUNTANT…

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Q: Liability based on negligence must establish four element. Please list them below

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Contingent Liabilities and Provisions

A contingent liability can be defined as a liability the occurrence of which is dependent upon the happening of an uncertain future event. It is generally recorded in the books only when the amount of liability can be reasonably estimated and the contingency is likely to occur shortly.