Liability

Liability refers to the legal responsibility one has for their actions or omissions that cause harm or loss to another party. If someone is found liable, they may be required to compensate the affected party for damages or injuries. Liability can arise from various situations, such as accidents, contractual agreements, or negligence. In essence, it means being accountable for the consequences of one's actions, ensuring that individuals or organizations take responsibility for maintaining safety and adhering to laws and regulations. It plays a vital role in promoting justice and fairness within society.