To be liable means to be responsible, often in a legal sense; the preposition for is used in this context. The failed entrepreneur was now liable for her company’s $ 500,000 debt.
Furthermore, are liabilities bad?
Liabilities (money owing) isn’t necessarily bad. Some loans are acquired to purchase new assets, like tools or vehicles that help a small business operate and grow. But too much liability can hurt a small business financially. Owners should track their debt-to-equity ratio and debt-to-asset ratios.
Moreover, how do you use liable?
1liable (for something) legally responsible for paying the cost of something You will be liable for any damage caused. The court ruled he could not be held personally liable for his wife’s debts.
What does it mean to be liable to someone?
phrase. DEFINITIONS1. legallegally responsible for causing damage or injury to a particular person, so that you have to pay something to them. She was held to be liable to the claimants for the libellous statement published in the previous issue of the magazine.
What is the difference between libel and liable?
Libel is related to defamation, generally referring to statements made about someone without just cause and exposing them to public contempt. Liable, on the other hand, is an adjective referring to the person legally responsible for something, such as a debt that is owed.
What is the word meaning of liable?
What makes a person liable?
A person is liable if he or she was negligent in causing the accident. Persons who act negligently never set out (intend) to cause a result like an injury to another person. Rather, their liability stems from careless or thoughtless conduct or a failure to act when a reasonable person would have acted.
What stockholder means?
A shareholder, also referred to as a stockholder, is a person, company, or institution that owns at least one share of a company’s stock, known as equity. Because shareholders essentially own the company, they reap the benefits of a business’s success.
Will not be liable meaning?
Not Liable means not liable in contract tort or otherwise under contract, tort (including negligence), or otherwise and whether in common law, equity or otherwise for any loss or damage (including without limitation consequential loss) or for damage for personal injury or death or otherwise, regardless of whether such …