In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from...

individuals the legal responsibility to manage the corporation in the corporation's best interest. An LLP also contains a different level of tax liability from that...

up liability in Wiktionary, the free dictionary. Liability refers to the following: Legal liability, in both civil and criminal law Public liability, part...

legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability...

capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members...

proprietorship with the limited liability of a corporation. An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides...

A liability waiver is a legal document that a person who participates in an activity may sign to acknowledge the risks involved in their participation...

Absolute liability is a standard of legal liability found in tort and criminal law of various legal jurisdictions. To be convicted of an ordinary crime...

Corporate liability, also referred to as liability of legal persons, determines the extent to which a company as a legal person can be held liable for...

wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act. Tort law can be contrasted...