Liability Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Liability, written in plain English, along with examples of how it is used.
What is Liability?
(n) Liability is the legal responsibility to make good the loss, damage, shortage occurred to a person, entity, property etc by the action or failure of the person responsible to do such acts or legally accountable for such action or non action. Eg. a person carelessly leave his vehicle on a slop, it slips down to an adjacent shop injuring the shopkeeper, then the owner of the vehicle is also liable for the damages