Social Sciences and the Law

What is the legal definition of liability?

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... liability in law, an obligation of one party to another, usually to compensate financially. It is a fundamental aspect of tort law, although liability may also arise from duties entered into by special agreement, as in a contract or in the carrying out of a fiduciary duty.

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Similar questions: What other areas of law involve liability? Does liability apply primarily to tort law? [ Hide these questions ]

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