Wendrel owns, in equal shares with two other solvent companies, a pipeline whose leak polluted neighbouring land. The 3 units co-owners are jointly and severally liable for the clean-up, costed at 1,260,000; each expects to bear an equal share. What amount does Wendrel disclose as a contingent liability?
- Total clean-up cost
- 1,260,000
- Number of co-owners
- 3