liability, strict
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strict liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. strict liability … Law dictionary
liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds … Law dictionary
strict liability — ➔ liability * * * strict liability UK US noun [U] LAW ► the legal responsibility of a company for damage or injury caused by its products or services, even though it did not intend to cause the damage or injury: »The Consumer Protection Act… … Financial and business terms
Liability — A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation. The New York Times Financial Glossary * * * liability li‧a‧bil‧i‧ty [ˌlaɪəˈbɪlti] noun liabilities PLURALFORM … Financial and business terms
liability — 1) In the broad legal sense, responsibility or obligation. For example, a person is liable to pay his debts, under the law; 2) In accounting, any debt owed by an individual or organization. Current, or short term, liabilities are those to be paid … Financial and business terms
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
strict liability — Liability without fault. Goodwin v. Reilley, 1 Dist., 176 Cal.App.3d 86, 221 Cal.Rptr. 374, 376. A concept applied by the courts in product liability cases in which seller is liable for any and all defective or hazardous products which unduly… … Black's law dictionary
liability for animals — the special area of law dealing with civil liability of people for the behaviour of animals. In England, prior to the Animals Act 1971, the owner was liable for an animal of a dangerous species – ferae naturae – or for one that was not of such a… … Law dictionary
strict — adj 1: characterized by narrowness: not demonstrating a broad or liberal view strict interpretation 2 a: firm or rigid in requirement or control b: severe in discipline 3 a: inflexibly maintained or adhered to … Law dictionary
