What is Liability Law?
Liability law is exactly what it sounds like: the legal obligation to be held accountable for one’s actions or lack thereof. Liability law pertains to both civil and criminal law in that it can relate to a wide variety of different areas including debts, contracts, torts, taxes, and other government fines.
How Liability Law Pertains to You
Having a basic knowledge of liability law can empower you to better understand the commitments you make via contracts or in other realms. It can also help clarify what you may be entitled to from people, corporations, government agencies or other entities you’ve made agreements with. This can be useful with regards to almost all of the many agreements you make on a regular basis, such as: leases or other rental contracts, insurance, taxes, medical care, educational or credit card debt, employment contracts, and others. Product liability or manufacturer’s liability also may pertain to you, should you find yourself harmed by a negligent or unsafe product.