Litigation differs from a claim in that:
A) litigation involves obligations that have already been assessed; claims are possible obligations.
B) litigation involves amounts that have been set; claims involve possible obligations.
C) litigation involves legal actions; claims are possible obligations.
D) None of the above.

Question

Quizplus · Accepted Answer

Litigation involves legal actions, whereas claims are possible obligations. Litigation represents a more formal and legally binding process, while claims are typically made prior to any legal action being taken.

Litigation Differs from a Claim in That