What is an example of a liable?

What is an example of a liable?

The definition of liable is being likely to do or experience something or to having legal responsibility for something. An example of liable is when it is likely to rain. An example of liable is a person who hits someone else with his car and he must pay damages or compensation for the damage he caused.

What does liable to mean?

Definition of liable 1a : obligated according to law or equity (see equity sense 3) : responsible liable for the debts incurred by his wife. b : subject to appropriation or attachment All his property is liable to pay his debts. 2a : being in a position to incur —used with to liable to a fine.

Which is correct liable to or liable for?

To be liable means to be responsible, often in a legal sense; the preposition for is used in this context. The failed entrepreneur was now liable for her company’s $ 500,000 debt. Is the landlord or the tenant liable for property taxes?

What does it mean to be personally liable?

Being “personally liable” means that a plaintiff who wins a court judgment against your business can satisfy it out of your personal assets, like your bank account, home, or automobile simply because of your status as an owner of the business.

Shall not be liable meaning?

Not liable means not liable in contract tort or otherwise under contract, tort (including negligence), or otherwise and whether in common law, equity or otherwise for any loss or damage (including without limitation consequential loss) or for damage for personal injury or death or otherwise, regardless of whether such …

Can you be liable to someone?

As a general rule, the law holds each person responsible for the consequences of his or her own actions – if your intentional or negligent conduct results in injuries to another person, you may be held civilly liable for the reasonable monetary value of any damages proximately caused by your actions.

What are liabilities give five example?

Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

What makes a person liable?

A person is liable if he or she was negligent in causing the accident. Persons who act negligently never set out (intend) to cause a result like an injury to another person. Rather, their liability stems from careless or thoughtless conduct or a failure to act when a reasonable person would have acted.

What is the difference between liable and responsible?

Responsibility is an obligation you have to do something. Liability means that you’re subject to repercussion if your duties are not finished.

What’s another word for not liable?

What is another word for not liable?

immune resistant
not affected not responsible
unsupervised spared
discharged released
exempted unaccountable

What does shall be liable to pay mean?

DEFINITIONS1. legally responsible for causing damage or injury, so that you have to pay something or be punished. If something goes wrong, you’ll be liable. liable for: The hospital was held liable for negligence.

What are liabilities of a person?

A liability is what a person or organization owes money on. This includes the obligation to pay taxes, loans, mortgage payments, and invoices for goods and services.

How do you prove someone is liable?

Negligence claims must prove four things in court: duty, breach, causation, and damages/harm. Generally speaking, when someone acts in a careless way and causes an injury to another person, under the legal principle of “negligence” the careless person will be legally liable for any resulting harm.

Is liable same as accountable?

These two terms are basically synonymous. However, liability usually refers to a legal responsibility, while accountability refers to a social responsibility. Here are some examples: If I hit someone’s car with mine, I am liable to pay the damages.

Related Posts