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Here is the situation:
On November 30, 2011, assume that an employee filed a Php. 1,000,000.00 lawsuit against Vincent Lirio for damages suffered when the employee suffered a serious injury at one of Tino Yuriniko`s facilities. Tino Yuriniko`s lawyers believe that Tino will not lose the lawsuit, putting the probability at less than 50 percent, recognizing a provision for legal claims at December 31, 2011.
My question is: What will be the analysis and conclusion of Vincent Lirio's actions?
On November 30, 2011, assume that an employee filed a Php. 1,000,000.00 lawsuit against Vincent Lirio for damages suffered when the employee suffered a serious injury at one of Tino Yuriniko`s facilities. Tino Yuriniko`s lawyers believe that Tino will not lose the lawsuit, putting the probability at less than 50 percent, recognizing a provision for legal claims at December 31, 2011.
My question is: What will be the analysis and conclusion of Vincent Lirio's actions?
