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- Noun

The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.

- Noun

the sum of one's pecuniary obligations; -- opposed to assets.

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  • Liability

    Liability may refer to:

  • Limited Liability Act 1855

    The Limited Liability Act 1855 (18 & 19 Vict c 133) was an Act of the Parliament of the United Kingdom that first allowed limited liability for corporations that could be established by the general public in the UK.

  • Joint Liability Groups

    Joint Liability Group is a concept established in India in 2014 by the rural development agency National Bank for Agriculture and Rural Development (NABARD) to provide institutional credit to small farmers.

  • Vicarious liability

    Vicarious liability is a form of a strict, secondary liability that arises under the common law doctrine of agency, respondeat superior , the responsibility of the superior for the acts of their subordinate or, in a broader sense, the responsibility of any third party that had the "right, ability or duty to control" the activities of a violator. It can be distinguished from contributory liability, another form of secondary liability, which is rooted in the tort theory of enterprise liability because, unlike contributory infringement, knowledge is not an element of vicarious liability. The law has developed the view that some relationships by their nature require the person who engages others to accept responsibility for the wrongdoing of those others. The most important such relationship for practical purposes is that of employer and employee.

  • Liability of trustees inter se in English law

    The inter se governs in what circumstances and to what extent a trustee in English trust law is liable for the acts and defaults of their co-trustees under English Law. In general trustees are under a duty to act jointly and have authority to act individually only if the trust instrument so provides. In principle therefore each trustee has an equal say in the management of the trust property and therefore in the event of a breach the trustees are jointly and severally liable for their actions.

  • Product Liability Directive 1985

    The Product Liability Directive 85/374/EEC is a directive of the Council of the European Union that created a regime of strict liability for defective products.

  • Registered professional liability underwriter

    In the US, the Registered Professional Liability Underwriter (RPLU) designation from the Professional Liability Underwriting Society (PLUS) is considered to be the only professional designation exclusively for people in the professional liability industry. The self-study courses provide a broad, basic overview of the professional liability disciplines. To earn the RPLU designation, a candidate must:

  • Civil Auto Liability

    Civil Auto Liability (Romanian: Răspundere Civilă Auto) is a Romanian motor-vehicle liability insurance policy that covers damages caused to third parties. This insurance is legally mandatory for any motor vehicle owner in Romania. The insurance policy Romanian: Răspundere Civilă Auto it is also known as RCA. In case of an accident this insurance policy covers repair costs incurred by the party determined to not be at fault.

  • Employer's Liability (Defective Equipment) Act 1969

    The Employer's Liability (Defective Equipment) Act 1969 (c. 37 ) is a short statute which makes employers strictly liable for defective equipment that causes any injury. The purpose was to ensure that employers fully insure their staff for all health and safety risks, and are encouraged to put in place preventative measures.

  • Decennial liability

    Decennial liability insurance or "Inherent Defect Insurance" is insurance that is taken out (by the contractor or principal) to cover costs associated with the potential collapse of the building after completion. The names derives from the fact that it covers the 10 year period after completion of the project. It is compulsory to insure in a few countries such as France, and Egypt. In other countries like Qatar there is the form of strict liability arising from the French Civil Code which does not require any proof of fault, but there is no compulsory requirement to insure. The cost of the insurance can significantly increase construction costs and may be up to 1.5% of structural value (including the Technical Inspections that the insurers mandate).

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