LIABILITY
\lˌa͡ɪəbˈɪlɪti], \lˌaɪəbˈɪlɪti], \l_ˌaɪ_ə_b_ˈɪ_l_ɪ_t_i]\
Definitions of LIABILITY
- 2006 - WordNet 3.0
- 2011 - English Dictionary Database
- 2010 - Legal Glossary Database
- 2010 - New Age Dictionary Database
- 1913 - Webster's Revised Unabridged Dictionary
- 1919 - The Winston Simplified Dictionary
- 1899 - The american dictionary of the english language.
- 1919 - The Concise Standard Dictionary of the English Language
- 1871 - The Cabinet Dictionary of the English Language
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By Princeton University
By DataStellar Co., Ltd
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The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. Something for which a person is liable. For example, a debt is often called a liability.
By Oddity Software
By Oddity Software
By Noah Webster.
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The state of being exposed to or responsible for; as, liability to accident; liability for damages; that for which one is responsible.
By William Dodge Lewis, Edgar Arthur Singer
By Daniel Lyons
By James Champlin Fernald
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