Constructive Obligation
Constructive obligation arises from entitys own actions and usually does not result from law or contracts signed with third parties. A By an established pattern of past practice published policies or a sufficiently specific current statement the entity has indicated to other parties that it will accept certain responsibilities. Pin By Enohoc On Equality Is A Two Way Street Passive Aggressive Anger Assertiveness For example an entity may have a policy of covering all defective products by recalling such products and refunding affected customers. . Raised a valid expectation in those affected that it will carry out the restructuring by starting to implement that plan or announcing the main. It is expected that 20 of customer shall come for repair and total sales during the year was 100000. It exists when an entity eg. There is a conceptual difference between the two frameworks GFS is dependent on the existence of a counterpa