legally responsible for causing damage or injury, so that you have to pay something or be punished. If something goes wrong, you’ll be liable. liable for: The hospital was held liable for negligence.
In this way, 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.
Beside this, what are examples of legal liabilities?
Legal liabilities are part of civil law and criminal law. For example, if a company commits fraudulent accounting practices or fails to comply with government labor laws, it may face charges in criminal court and will probably be forced to pay damages to concerned parties. This is a criminal legal liability.
What are the two types of liabilities?
Liabilities can be broken down into two main categories: current and noncurrent. Current liabilities are short-term debts that you pay within a year. Types of current liabilities include employee wages, utilities, supplies, and invoices.
What does liable to change mean?
adj postpositive. 1 legally obliged or responsible; answerable. 2 susceptible or exposed; subject.
What is an example of direct liability?
Any person who personally causes harm or injury to a person or property has direct liability and must therefore pay for the damage done. For example, a person who throws a stone and breaks a window is directly answerable to the owner of that window.
What is the meaning of not liable?
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 …
What is the synonyms of liable?
Some common synonyms of liable are exposed, open, prone, sensitive, subject, and susceptible.
Who are liable for damages?
1092. —Any person who by an act or omission causes damage to another by his fault or negligence shall be liable for the damage so done.