According to Cornell Law Schools website, the legal definition of liability is, "A legally enforceable claim on the assets of a business or property of an individual. In business, liability results ...

Liability constitutes an important, and oftentimes ruinous, aspect of business. Small businesses in particular may face complete collapse in the face of a liability lawsuit. Various types of liability ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Rebecca Rakoski and Patrick Isbill examine the complex legal and ethical questions surrounding liability in the use of artificial intelligence in medicine. The warp speed at which the medical ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Seyfarth Synopsis: In a recent decision highlighting the potential for far-reaching responsibility for withdrawal liability payments, the Court of Appeals for the Seventh Circuit affirmed a judgment ...

There is an emerging trend in products liability law where a plaintiff styles a case as a RICO claim, but at its core the gravamen of the dispute is an extension of a products liability action. To ...

April 11, 2025 - Patrick Reilly, Eldin Hasic and Nikolas Spilson of Faegre Drinker discuss the European Union's new product liability directive, which makes substantive changes that impact ...

As a business professional, you’re responsible for the knowledge, expertise and services you provide to clients. As a result, clients can take legal action against you and your company when they ...

Federal Insurance, No. 22-50933, 2024 U.S. App. LEXIS 6771, at *10 (5th Cir. 2024) (applying Texas law), the Fifth Circuit referred to the Windermere Oaks decision and held that the claims of unjust ...