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liability
liability in law, an obligation of one party to another, usually to compensate financially. It is a fundamental aspect of tort law, although liability may also arise from duties entered into by special agreement, as in a contract or in the carrying out of a fiduciary duty. Liability is not always the result of an intentionally damaging act or of some proven fault like negligence . The affixing of liability may once have been simply a peace-preserving alternative to the practice of an injured party taking vengeance. Further, the law's emphasis has long been that one who is able to pay (who, in modern terms, has "deep pockets" ) should pay one who has lost something through an action of the payer, even if that action was blameless.
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Cite this article
"liability." The Columbia Encyclopedia, 6th ed.. 2011. Encyclopedia.com. 27 May. 2012 <http://www.encyclopedia.com>. "liability." The Columbia Encyclopedia, 6th ed.. 2011. Encyclopedia.com. (May 27, 2012). http://www.encyclopedia.com/doc/1E1-liability.html "liability." The Columbia Encyclopedia, 6th ed.. 2011. Retrieved May 27, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1E1-liability.html |
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Liability
LIABILITYA comprehensive legal term that describes the condition of being actually or potentially subject to a legal obligation. Joint liability is an obligation for which more than one person is responsible. Joint and several liability refers to the status of those who are responsible together as one unit as well as individually for their conduct. The person who has been harmed can institute a lawsuit and recover from any or all of the wrongdoers—but cannot receive double compensation, for instance, the full amount of recovery from each of two wrongdoers. Primary liability is an obligation for which a person is directly responsible; it is distinguished from secondary liability which is the responsibility of another if the party directly responsible fails or refuses to satisfy his or her obligation. |
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Cite this article
"Liability." West's Encyclopedia of American Law. 2005. Encyclopedia.com. 27 May. 2012 <http://www.encyclopedia.com>. "Liability." West's Encyclopedia of American Law. 2005. Encyclopedia.com. (May 27, 2012). http://www.encyclopedia.com/doc/1G2-3437702692.html "Liability." West's Encyclopedia of American Law. 2005. Retrieved May 27, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3437702692.html |
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liability
li·a·bil·i·ty / ˌlīəˈbilətē/ • n. (pl. -ties) 1. the state of being responsible for something, esp. by law: the partners accept unlimited liability for any risks they undertake. ∎ (usu. liabilities) a thing for which someone is responsible, esp. a debt or financial obligation: valuing the company's liabilities and assets. 2. [usu. in sing.] a person or thing whose presence or behavior is likely to cause embarrassment or put one at a disadvantage: he has become a political liability. |
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Cite this article
"liability." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 27 May. 2012 <http://www.encyclopedia.com>. "liability." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (May 27, 2012). http://www.encyclopedia.com/doc/1O999-liability.html "liability." The Oxford Pocket Dictionary of Current English. 2009. Retrieved May 27, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-liability.html |
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liability
liability •banditti, bitty, chitty, city, committee, ditty, gritty, intercity, kitty, nitty-gritty, Pitti, pity, pretty, shitty, slitty, smriti, spitty, titty, vittae, witty
•fifty, fifty-fifty, nifty, shifty, swiftie, thrifty
•guilty, kiltie, silty
•flinty, linty, minty, shinty
•ballistae, Christie, Corpus Christi, misty, twisty, wristy
•sixty
•deity, gaiety (US gayety), laity, simultaneity, spontaneity
•contemporaneity, corporeity, femineity, heterogeneity, homogeneity
•anxiety, contrariety, dubiety, impiety, impropriety, inebriety, notoriety, piety, satiety, sobriety, ubiety, variety
•moiety
•acuity, ambiguity, annuity, assiduity, congruity, contiguity, continuity, exiguity, fatuity, fortuity, gratuity, ingenuity, perpetuity, perspicuity, promiscuity, suety, superfluity, tenuity, vacuity
•rabbity
•improbity, probity
•acerbity • witchetty • crotchety
•heredity
•acidity, acridity, aridity, avidity, cupidity, flaccidity, fluidity, frigidity, humidity, hybridity, insipidity, intrepidity, limpidity, liquidity, lividity, lucidity, morbidity, placidity, putridity, quiddity, rabidity, rancidity, rapidity, rigidity, solidity, stolidity, stupidity, tepidity, timidity, torpidity, torridity, turgidity, validity, vapidity
•commodity, oddity
•immodesty, modesty
•crudity, nudity
•fecundity, jocundity, moribundity, profundity, rotundity, rubicundity
•absurdity • difficulty • gadgety
•majesty • fidgety • rackety
•pernickety, rickety
•biscuity
•banality, duality, fatality, finality, ideality, legality, locality, modality, morality, natality, orality, reality, regality, rurality, tonality, totality, venality, vitality, vocality
•fidelity
•ability, agility, civility, debility, docility, edibility, facility, fertility, flexility, fragility, futility, gentility, hostility, humility, imbecility, infantility, juvenility, liability, mobility, nihility, nobility, nubility, puerility, senility, servility, stability, sterility, tactility, tranquillity (US tranquility), usability, utility, versatility, viability, virility, volatility
•ringlety
•equality, frivolity, jollity, polity, quality
•credulity, garrulity, sedulity
•nullity
•amity, calamity
•extremity • enmity
•anonymity, dimity, equanimity, magnanimity, proximity, pseudonymity, pusillanimity, unanimity
•comity
•conformity, deformity, enormity, multiformity, uniformity
•subcommittee • pepperminty
•infirmity
•Christianity, humanity, inanity, profanity, sanity, urbanity, vanity
•amnesty
•lenity, obscenity, serenity
•indemnity, solemnity
•mundanity • amenity
•affinity, asininity, clandestinity, divinity, femininity, infinity, masculinity, salinity, trinity, vicinity, virginity
•benignity, dignity, malignity
•honesty
•community, immunity, importunity, impunity, opportunity, unity
•confraternity, eternity, fraternity, maternity, modernity, paternity, taciturnity
•serendipity, snippety
•uppity
•angularity, barbarity, bipolarity, charity, circularity, clarity, complementarity, familiarity, granularity, hilarity, insularity, irregularity, jocularity, linearity, parity, particularity, peculiarity, polarity, popularity, regularity, secularity, similarity, singularity, solidarity, subsidiarity, unitarity, vernacularity, vulgarity
•alacrity • sacristy
•ambidexterity, asperity, austerity, celerity, dexterity, ferrety, posterity, prosperity, severity, sincerity, temerity, verity
•celebrity • integrity • rarity
•authority, inferiority, juniority, majority, minority, priority, seniority, sonority, sorority, superiority
•mediocrity • sovereignty • salubrity
•entirety
•futurity, immaturity, impurity, maturity, obscurity, purity, security, surety
•touristy
•audacity, capacity, fugacity, loquacity, mendacity, opacity, perspicacity, pertinacity, pugnacity, rapacity, sagacity, sequacity, tenacity, veracity, vivacity, voracity
•laxity
•sparsity, varsity
•necessity
•complexity, perplexity
•density, immensity, propensity, tensity
•scarcity • obesity
•felicity, toxicity
•fixity, prolixity
•benedicite, nicety
•anfractuosity, animosity, atrocity, bellicosity, curiosity, fabulosity, ferocity, generosity, grandiosity, impecuniosity, impetuosity, jocosity, luminosity, monstrosity, nebulosity, pomposity, ponderosity, porosity, preciosity, precocity, reciprocity, religiosity, scrupulosity, sinuosity, sumptuosity, velocity, verbosity, virtuosity, viscosity
•paucity • falsity • caducity • russety
•adversity, biodiversity, diversity, perversity, university
•sacrosanctity, sanctity
•chastity
•entity, identity
•quantity • certainty
•cavity, concavity, depravity, gravity
•travesty • suavity
•brevity, levity, longevity
•velvety • naivety
•activity, nativity
•equity
•antiquity, iniquity, obliquity, ubiquity
•propinquity
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Cite this article
"liability." Oxford Dictionary of Rhymes. 2007. Encyclopedia.com. 27 May. 2012 <http://www.encyclopedia.com>. "liability." Oxford Dictionary of Rhymes. 2007. Encyclopedia.com. (May 27, 2012). http://www.encyclopedia.com/doc/1O233-liability.html "liability." Oxford Dictionary of Rhymes. 2007. Retrieved May 27, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O233-liability.html |
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