Liability
Liability refers to the legal responsibility an individual, organization or entity has for their actions or omissions that cause damage or loss to others. It is a fundamental concept within the legal system that determines who is responsible for repairing damages to victims of accidents, breaches of contracts, or other legal disputes.
Different categories in liability
Liability can be divided into several categories, including criminal liability (where the guilty party is punished), civil liability (where compensation is awarded to the victim), and contractual liability (related to breach of contract). Within each of these categories, different rules and standards may apply depending on jurisdictions and specific circumstances.
