Liable at Legal Glossary
What is it? Legally responsible. For example, a person may be liable for a debt, liable for an accident due to careless behavior, liable for failing do something required by a contract or liable for the commission of a crime. Someone who is found liable for an act or ommission must usually pay damages or, if the act was a criminal one, face punishment. See also liability.Law Definition Added By: Megan
The Liable definition has been viewed 1238 Time(s)!
Send To Friends!
If you'd like to send the Liable definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Liable. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Legal Terms:
Law Terms credit bureau is A private, profit-making company that collects and sells information about a persons credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.Law Terms Age Discrimination in Employment Act (ADEA) is A federal law that prohibits arbitrary discrimination against workers over the age of 40 in any employment decision, especially firing. The ADEA also provides that no worker can be forced to retire.
Law Terms misrepresentation is A lie by one spouse before marriage that provides grounds for an annulment. For example, if a spouse failed to mention that he was still married or was incapable of having children, he has misrepresented himself.
Law Terms augmented estate is In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouses estate. (This is called taking against the will.) The amount of this statutory share or elective share depends on state law.
Law Terms covenants, conditions & restrictions (CC&Rs) is The restrictions governing the use of real estate, usually enforced by a homeowners association and passed on to the new owners of property. For example, CC&Rs may tell you how big your house can be, how you must landscape your yard or whether you can have pets. If property is subject to CC&Rs, buyers must be notified before the sale takes place.