Liability is "a comprehensive legal term that describes the condition of being actually or potentially subject to legal obligation." There are three different types of liabilities¹:
- Joint liability refers to an obligation for which more than one person is responsible;
- Primary liability refers to an obligation for which a person is directly responsible;
- Secondary liability refers to the responsibility of another if the party directly responsible fails or refuses to satisfy his or her obligation.
Liability is one of the most significant words in the field of law, according to the legal dictionary. It is most commonly understood in the workplace, where occasionally employees sign contracts to redeem companies of liability.¹ Liability essentially means legal responsibility for one's acts or omissions. Failure of a person to meet that responsibility leaves them open to a lawsuit for any resulting damages of a court order to perform. For an individual to win a liability lawsuit, they must prove the legal liability of the defendant if the plaintiff's allegations are shown to be true.¹
Image source:
1. Wikimedia
Reference:
1. The Free Dictionary. Liability. Retrieved May 13, 2014, from http://legal-dictionary.thefreedictionary.com/liability
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