Which of the following is a contingent liability for Granger Enterprises?

Select one:

a. B. Granger has $600,000 Note outstanding to Citizens Savings Bank,

b. Granger has a line of with a local bank for $250,000 with investment property serving as collateral

c. Granger estimates it will probably have to pay $200,000 to the Environment Protection Agency for a gas tank leak at a service station it owns

d. Granger owes the city of Lexington $3,000.00 for a utility bill