Constructive obligations may arise from:
A)Unearned Revenues.
B)Warranty obligations.
C)Accrued Liabilities resulting from operations.
D)Notes Payable.

Question

Quizplus · Accepted Answer

Warranty obligations are a common example of constructive obligations, as they arise not from a formal contract but from a company's past practices or policies of providing repairs or replacements for products that fail to meet the stated quality or performance standards.

Constructive Obligations May Arise From