Consider an automobile insurance policy. The contract specifies that the insurance policy writer is obligated to pay out an amount, should an automobile accident occur. This policy
a) is an example of class 2 liability
b) is an example of class 3 liability
c) has an amount known and timing uncertain
d) has an amount uncertain and a timing known
e) is an example of class 4 liability
a) is an example of class 2 liability
b) is an example of class 3 liability
c) has an amount known and timing uncertain
d) has an amount uncertain and a timing known
e) is an example of class 4 liability