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1. • Responsible or answerable in law; legally obligated

     • Legal liability In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability.
     en.wikipedia.org › wiki › Legal_liability

     Legal liability - Wikipedia

2. en.wikipedia.org › wiki › Legal_liabilityLegal liability - Wikipedia

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   Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability.

3. People also ask

   What is legal liability insurance?

   • If you take a close look at almost every liability insurance policy, you’ll see that “legally obligated to pay” is the coverage trigger. In other words, insurance won’t pay for something unless you are found to be legally liable for it. But what exactly is legal liability? It is when you are legally responsible for a financial loss of another.

   Legal Liability: What It Means & How It Works | LandesBlosch

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   What does liability mean in law?

   • Liability is the legal responsibility for one’s actions or inactions, potentially leading to the obligation to compensate for harm caused or to face legal penalties. Liability is a fundamental concept encompassing the notion of legal responsibility for one’s actions or omissions.

   Liability: Legal Definition, Types of Liability, Duty of Care and

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   What is legal liability in business?

   • Legal liability in business arises when a business is at fault for causing damage, injury, or losses to an individual or another business. Direct primary offers financial protection to a business in case of damage to its customer, irrespective of which party is liable.

   Legal Liability - Definition, Explained, Examples, Types, Coverages

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   What is legal liability & why is it important?

   • Legal liability refers to the liability that arises when a business is responsible for the damages or financial harm caused to another party, for example, its customer. Fulfilling such a legal obligation is crucial for businesses to operate without any disruption and achieve success over the long term.

   Legal Liability - Definition, Explained, Examples, Types, Coverages

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4. juristopedia.com › liability-legal-definitionLiability: Legal Definition, Types of Liability, Duty of Care ...

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   Nov 18, 2023 · Liability refers to the legal responsibility for one’s actions or omissions, often leading to the obligation to compensate for harm or damages caused. It can arise in both civil and criminal law contexts, focusing on the consequences of actions.

5. www.landesblosch.com › blog › legal-liability-whatLegal Liability: What It Means & How It Works | LandesBlosch

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   Aug 9, 2022 · In essence, you are deemed to be “legally liable” when you lose a civil court case to another individual, and the court determines you owe that person compensation. In this article, we’ll break down what you need to know about each type of legal liability.

6. Videos

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     Legal Liability: What It Means & How It Works | LandesBlosch

     Feb 26, 2022

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     Liability |Kinds of Liability| Jurisprudence

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     investopedia.com

     Liability: Definition, Types, Example, and Assets vs. Liabilities

     Dec 31, 2008

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7. www.wallstreetmojo.com › legal-liabilityLegal Liability - Definition, Explained, Examples, Types ...

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   Mar 26, 2024 · Legal liability refers to a type of liability that arises when a business becomes legally responsible for causing losses to another organization or individual. If a business has such a legal obligation, it needs to cover the expenses incurred to address specific injuries or damages.

8. www.law.cornell.edu › wex › liabilityliability | Wex | US Law | LII / Legal Information Institute

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   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. A party can be held liable based on their own actions, their own inactions, or the actions of people/animals for which they are legally responsible.

9. dictionary.cambridge.org › english › legal-liabilityLEGAL LIABILITY | English meaning - Cambridge Dictionary

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   responsibility that someone has for their actions, for example the responsibility to pay another person for harm or damage that is a result of these actions: Failure to comply with the latest regulations could result in legal liability if patient health is affected.

10. legaldictionary.net › liabilityLiability - Definition, Examples, Cases - Legal Dictionary

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    Sep 5, 2016 · Liability. The term liability refers to a broad spectrum of things a person may be held responsible for. This may be a legal liability, a financial liability, or other responsibility. An example of liability includes the legal obligation to pay a debt, or to pay for damages an individual has caused someone else.