In the broadest sense, liability means the state of being responsible for something, especially by law. In law, liable means party or parties responsible or answerable in law; legally obligated.
Depending on the type of case, plaintiff’s must prove liability through different theories of liability. Sounds complicated but it’s really not. For example, in a case involving a contract dispute, the theory liability would be “breach of contract.” Other theories include negligence, vicarious liability and strict liability.
So how does this impact law? There are several ways that liability impacts law. One example is car accidents. If a party is injured in a car accident, it’s important to determine who is liable. If the victim was responsible, then they cannot make a personal injury claim. If the other person involved in the crash was responsible, then the victim can pursue a personal injury claim. The person who they are bringing the claim against has liability insurance which means that up to a certain amount will be from the person and the rest will be covered by insurance. However, many personal injury attorneys will fight to get more money from the insurance company so their clients can rest and recover and not worry about financial stress.
Businesses also have limited liability. For example, if a lawsuit is brought against a business, the limited liability prevents the owners of the business from being liable. The business itself is liable.
Product liability is a legal concept that states that producers and manufacturers have the moral and legal responsibility to produce products that are not defective.