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liability
(redirected from Criminal liability)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
liability
[līəbil′itē]
Etymology: L, ligare, to bind
1 something one is obligated to do or an obligation required to be fulfilled by law, usually financial in nature.
2 the amount of money required to fulfill a financial obligation.

liability (lībil´itē),
n the state of being bound by law or justice to do something or to make good something; legal responsibility.

liability
financial or legal responsibility.

liability
Malpractice All character of obligation, amenability, and responsibility for an act before the law. See Corporate liability, Current liability, Limits of liability, Malpractice Product liability, Professional liability, Strict liability.


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potential responsibility for payment of damages or other court-enforcement in a lawsuit, as distinguished from criminal liability, which means open to punishment for a crime.
Despite the fact that this bill was instituted by the federal government in 2004, Desroches says that many employers are slowly coming to realize its full impact, which attributes criminal liability and thereby hefty fines and possible jail time for individuals who fail to ensure that their employees are working within a safe, regulated environment.
In addition, the Privacy Act of 1974 and IRC section 6103, which prevent unlawful disclosure of taxpayer information, also apply to PCAs, potentially subjecting their employees to civil and criminal liability.
 
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