What is the relationship between renumeration, responsibility and financial liability?
Remuneration (note correct spelling; it has to do with money, not numbers) is what you are paid to perform a task. The person or entity which receives the remuneration has the responsibility to perform the agreed upon task or service as agreed upon. Financial liability occurs if such task is not performed as agreed and in a timely manner, and can include a repayment of monies previously paid, forfeiture of any additional monies owed, and additional damages that may have been incurred due to the failure to perform.
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