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For example, when you buy a new car from a car dealer, the warranty states that the car works. If the car doesn't work, the warranty gives the owner the right to have the dealer fix the car under certain conditions (length of time, cause of damage, etc.). These conditions are typically spelled out in the warranty.
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im not sure if this is the answer your looking for its my first time here but a warranty is an example of a contingent liability. :)
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