A contingent liability is defined as a:  Reading required            Learning objective 9.3 on page 254Group of answer choicesIV.III.II.I.

A contingent liability is defined as a potential obligation that may arise depending on the outcome of a future event. It is not recorded in the financial statements but should be disclosed in the notes if the obligation is probable and the amount can be reasonably estimated.

Based on the options provided, it seems they are referencing different definitions or examples that fit into categories (I, II, III, IV). To provide a correct answer to your question, I would need to know what each of these options entails. Please provide more context or the specific definitions listed under each Roman numeral (I, II, III, IV) so that I can assist you effectively!