The state of being bound or obliged in law or justice to do, pay, or make good something; legal responsibility. … [Read more...] about LIABILITY
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LIBER FEUD RUM
A code of the feudal law, which was compiled by direction of the emperor Frederick Barbarossa, and published in Milan, in 1170. It was called the Liber Feudorum, and was divided into five books, of which the first, second, and some fragments of the other's still exist and are printed at the end of all the modern editions of the Corpus Juris Civilis. … [Read more...] about LIBER FEUD RUM
LIABILITY INSURANCE COVERAGE
An insurance policy that compensates third parties for damages caused by the fault of the policy holder, for example, liability insurance for a driver of a motor vehicle. … [Read more...] about LIABILITY INSURANCE COVERAGE
LIBER HOMO
A freeman lawfully competent to act as a juror. Raym. 417; Keb. 563. … [Read more...] about LIBER HOMO
LIABLE
Legally responsible for something, having liability under the law. 1. Bound or obliged in law or equity; responsible; chargeable; answerable; compellable to make satisfaction, compensation, or restitution. 2. Exposed or subject to a given contingency, risk, or casualty, which is more or less probable. Limited liability. The liability of the members of a joint-stock company may … [Read more...] about LIABLE