Rajiv has a liability on his car. How is this BEST demonstrated?

He has insurance in case of an accident.

He owns his car with no debts.

He owes $15,000 on his car.

He is trying to sell his car.

1 answer

The statement that BEST demonstrates Rajiv's liability on his car is:

He owes $15,000 on his car.

This indicates that he has a financial obligation related to the car, which represents a liability.