Obligation to pay back your monetary debt. What kind of obligation is involve here?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 1MCQ
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Obligation to pay back your monetary debt. What kind of obligation is involve here? 

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