Concept information
Preferred term
liability theory
Definition
- Theories of liability are intended to explicate the conditions under which a party can be held legally responsible for harms to others caused by said party's activities. Harms for which a party can be held liable include personal injury, property damages, and certain intangible harms such as mental anguish and loss of future earnings. [Source: Encyclopedia of Business Ethics and Society; Liability Theory]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/liability_theory
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