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Liability
Legal Significance![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
In law, liability comes with consequences. It means owing a duty that, if unmet, can lead to lawsuits or penalties. ![Slide](https://word-images.cdn-wordup.com/tips/tpWkiR06pQOzjMM7FADUatte3F8.webp)
Not Always Negative![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
'Liability' sounds negative but in legal terms, it simply refers to a bound duty or obligation, not a fault. ![Slide](https://word-images.cdn-wordup.com/tips/XV4jTaZcAOXUaJyoIMxARMKta8Y.webp)
Beyond Money![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
Liability isn't just about financial responsibilities; it covers any legal responsibility, like safety obligations. ![Slide](https://word-images.cdn-wordup.com/tips/Owh9KxV48PziRqAkVfyv7wWV8.webp)