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Term of the Day
BusinessDictionary.com
liable
Definition
Subject to
legal action
, or obligated by
law
to make compensation,
restitution
, or
satisfaction
.
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Questions related to
'liable'
If I leave my coat on a restaurant coat rack, does the restaurant have constructive possession of my coat? If stolen, are they liable?
Is there any legislation as to what constitutes being an importer?
Who is ultimately liable, insurance provider or insurance underwriter?
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Nearby Terms
liability account
liability for manufactured products
liability insurance
liability limits
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liaison
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notes receivable discounted
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