Liability defined as legal obligation to answer or make good obligations under law or equity, per authoritative definitions. Liability denotes the state of being bound or obliged in law or justice to do, pay, or make good something; it signifies legal responsibility or ... Summary
Liability defined as legal obligation to answer or make good obligations under law or equity, per authoritative definitions.
Liability denotes the state of being bound or obliged in law or justice to do, pay, or make good something; it signifies legal responsibility or answerability under law or equity. The term is broad and comprehensive, conveying the existence of an enforceable obligation or burden that a person bears under legal or equitable principles.
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