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WHAT CAN YOU BE LIABLE for and WHY Form
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People also ask
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What is an example of being liable?
adjective. Both owners are liable for the debts incurred by the business. All his property is liable to pay his debts. Watch out or you're liable to fall. -
What makes a person liable?
A party is liable when they are held legally responsible for something. Unlike in criminal cases, where a defendant could be found guilty, a defendant in a civil case risks only liability. -
What does it mean to be legally liable?
To be liable in a legal sense simply means to be held legally responsible or obligated. For example, a defendant in a civil torts case may be liable to pay damages to the plaintiff if the court rules in favor of the plaintiff. [Last updated in June of 2023 by the Wex Definitions Team] COMMERCE. commercial activities. -
What is the legal rule of liability?
A party is liable when they are held legally responsible for something. Unlike in criminal cases, where a defendant could be found guilty, a defendant in a civil case risks only liability. -
What is to be legally liable for?
To be liable in a legal sense simply means to be held legally responsible or obligated. For example, a defendant in a civil torts case may be liable to pay damages to the plaintiff if the court rules in favor of the plaintiff. -
What is an example of being liable?
adjective. Both owners are liable for the debts incurred by the business. All his property is liable to pay his debts. Watch out or you're liable to fall. -
What is the legal liability and responsibility?
Legal liability-responsibility refers to all the general components usually necessary to incur legal blame and, in private law, to be compelled to comply with a court order to pay damages or otherwise remedy the harm done. -
What is an example of a liable person?
Liability usually means that you are responsible for something, and it can also mean that you owe someone money or services. For example, a homeowner's tax responsibility can be how much he owes the city in property taxes or how much he owes the federal government in income tax.
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