the supplier of goods or services can become liable for breach of contract in a variety of ways
Likely to do or to be something
patients were liable to faint if they stood up too suddenly
Likely to experience (something undesirable)
areas liable to flooding
apt(p): at risk of or subject to experiencing something usually unpleasant; "he is apt to lose"; "she is liable to forget"
liable(p): subject to legal action; "liable to criminal charges"
liable(p): (often followed by `to') likely to be affected with; "liable to diabetes"
held legally responsible; "men between the ages of 18 and 35 were liable for military service"
(liability) the state of being legally obliged and responsible
(liability) indebtedness: an obligation to pay money to another party
(Liability (financial accounting)) In financial accounting, a liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.
Bound or obliged in law or equity; responsible; answerable; Exposed to a certain contingency or casualty, more or less probable; Likely
(Liability) An feature that contributes to the weakness of a position, such as too many blots, buried checkers, or inflexibility. Compare: Asset.
(Liability) Getting travel insurance which covers any potential disadvantages during your holiday including illness, injury, death, damage, loss, and cancellations is highly advisable.
(Liability) In accounting, a financial liability is something that is owed to another party. This is typically contrasted with an asset which is something of value that you own. The basic accounting equation relates assets, liability, and capital (or equity) thus: liablities + equity = assets.
(Liability) Monies owed by business. Contrast to Asset.
(Liability) Responsibility or fault for an incident resulting in injuries and damages to person and/or property.
(Liability) We cannot be held responsible or liable for any damages, loss or inconvenience of any kind to the tenant, holiday maker or accompanying persons or their belongings within the property.
(Liability) We do not accept any liability for any damage, loss or injury to any member of your party or any vehicles or possessions, unless proven to be caused by a negligent act by ourselves or our employees or contractors whilst acting in the course of employment. ...
(Liability) the obligation to deliver currency as part of a spot transaction. In speculative forex trading, currency is not delivered. All profits and losses are subtracted from margin deposits.
(5. Liability) a. We will take all reasonable precautions to keep the details of your order and payment secure, but unless we are negligent, we cannot be held liable for any losses caused as a result of unauthorised access to information provided by you. ...
(LIABILITY) You agree, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of charges. You authorize us to deduct these charges directly from the account balance as accrued. ...
(LIABILITY) Amounts owed for items received, services rendered, expenses incurred, assets acquired, construction performed, and amounts received but not as yet earned.
(17.1.6 Liability) To the fullest extent permitted at law, neither Steamy Bingo nor any of its affiliates, directors, employees, or other representatives will be liable for damages arising out of or in connection with this programme. ...
(Liability) Every effort is made to get you to your destination on time, Landlink Cars is not liable for any loss due to delays caused by traffic jams, road works, road closures, diversions, extreme weather conditions, collisions caused by other parties. ...
(Liability) Suppliers/artists and their services engaged by Eventa Leisure/Eventa Casino on behalf of and as agents for the promoter/client will always use their best endeavours to attend the function however should the supplier be prevented from doing so for any reason outside their control ( ...
(Liability) In terms of foreign exchange, the obligation to deliver to a counterparty an amount of currency either with respect to a balance sheet holding at a specified future date or in respect of an un-matured forward or spot transaction.
(LIABILITY) Something that takes money "out of your pocket."
(Liability) RK LTD shall be under no liability for any defects arising from fair wear and tear, wilful damage or negligence and abnormal conditions. RK LTD cannot be responsible for any movement of wood and the consequence thereof. In practice RK LTD will attempt to deal with any such occurrences.