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Liability

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Liable (from liability) is a legal term used to describe situations in which a person is liable, for, say, damage to property and is therefore responsible to pay compensation for any damage incurred, liability may be civil or criminal.

Liable is often used in a business sense, i.e. limited liability: only having to pay for what you invested if a business goes bankrupt for explanation of this sense see business entity.



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East Hampton North, New York

... area of 14.5 km² (5.6 mi²). 14.5 km² (5.6 mi²) of it is land and none of the area is covered with water. Demographics As of the census of 2000, ...

 
 
 
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