Liability Mnemonic
Explore definitions and mnemonics for liability.
liability
liability
/laɪəˈbɪlɪti/
Examples
- Vicarious liability is not just an opinion, it's the law.
- This is the summary of the assets and liabilities of the banking system.
- The general rule in the criminal law is that there is no vicarious liability.
- In principle, the tortious liability runs in parallel to liability in contract.
- Liability to the third bailee was not transferable.
- The liability for the information is the reliable source.
- It accumulated the assets but not the liabilities of the original bank.
- Liability for material is already the concern of the editor.
- Accrued liabilities is the direct opposite of prepaid expense.
- Strict liability offenses disregard the intent of the defendant.
the state of being legally obliged and responsible
noun
an obligation to pay money to another party
noun
the quality of being something that holds you back
noun
Definition 0 of 0
"Lie + Ability. When you cannot trust your skill, your promise becomes a liability."
Mnemonic 0 of 0