MLchartDataset catalogue

Liability

Term · Law · MLC-T-LAW-003019

A legal obligation or responsibility for an act or omission, which can result in a financial or other legal consequence. This obligation arises from contracts, torts, statutes, or other legal duties. Liability can be civil, such as for damages in a lawsuit, or criminal, leading to penalties like fines or imprisonment.

Table 1. Record
IdentifierMLC-T-LAW-003019
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003019",
  "term": "Liability",
  "field": "Law",
  "definition": "A legal obligation or responsibility for an act or omission, which can result in a financial or other legal consequence. This obligation arises from contracts, torts, statutes, or other legal duties. Liability can be civil, such as for damages in a lawsuit, or criminal, leading to penalties like fines or imprisonment.",
  "url": "https://mlchart.com/terminology/law/liability/"
}

Record 2,971 of 5,445 in Law terminology (MLC-0107). Request the full dataset.