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Commonly Asked Questions about Legal Liability Documents

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.
Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. Theyre recorded on the right side of the balance sheet and include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses. Liabilities are the opposite of assets.
Liability Programs are divided into three areas: General Liability, Auto Liability and Employment Practice Liability.
Types of Liability The liability of licensees and their employees falls into three areas of law: criminal, administrative, and civil. One situation that could potentially result in all three types of liability is the sale of alcohol to a minor.
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. Legal liability - Wikipedia wikipedia.org wiki Legalliability wikipedia.org wiki Legalliability
These are (1) that a duty existed that was bdocHubed, (2) that the bdocHub caused an injury, and (3) that an injury, in fact, resulted. Elements of Liability - Holland-Frei Cancer Medicine - NCBI Bookshelf nih.gov books NBK12861 nih.gov books NBK12861