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Legally Liable Definition

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Legally Liable Definition. Liability insurance is any insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as. Failure to meet the responsibility or obligation opens one up to a lawsuit, and committing a crime can lead to a.

Legally Liable Definition
Liability Meaning Liability Definition Liabilities from napkinfinance.com

Bound or obliged in law… quasi offencestorts, civil law. In a financial sense, it refers to an organization’s or person's debts and other financial obligations. Those acts which, although not committed by the persons.

This Can Be Potential Or Actual Responsibility—Meaning That You Actually Committed The Crime, Or That You Are Simply Suspected Of Committing It.

Obligated according to law or equity (see equity sense 3) : In law, a person is legally liable when they are financially and legally responsible for something. Legally liable relative means the husband or wife of any person receiving or who has received state care or assistance, and the father and mother of any such person receiving or who has received state care or assistance while under the age of eighteen years.

The Defamation Of A Person’s Character By Written Or Printed Words Or Pictures.

We never say “legally liable”. Failure to meet the responsibility or obligation opens one up to a lawsuit, and committing a crime can lead to a. Lawsuits can cost substantial amounts of money,.

Legal Liability Refers To The Responsibility Small Business Owners Have Under The Law For The Injuries Or Losses They Inflict Upon Others.

Subject to appropriation or attachment all his. You will be liable for any damage caused. In insurance law, liability often is used to refer to blameworthiness that is used to apportion responsibility for repairing damage caused.

Legal Is Used To Describe Things That Relate To The Law.

Legal liability is the legal bound obligation to pay debts. Joint liability is an obligation for which more than one person is responsible. You are liable for the damage caused by your action.

The State Of Being Liable, Or Responsible, For Something;

The court proceedings may find the person or entity liable for paying the complainant for bodily injury, property damage, lost wages, etc. If the liability is proven in court, you will be held responsible for the crime and. In accordance with the law.

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