admission of liability
Definition
An admission of liability is when a person or business formally acknowledges that they are legally responsible for causing harm or damage to someone else. This acknowledgment can happen in writing, verbally, or even through certain actions, and it can be used against you in a lawsuit or insurance claim.
Example
If a customer slips in your store and you immediately say 'I'm so sorry, we knew that floor was slippery and should have fixed it,' that statement could be treated as an admission of liability in court.
Watch Out
Never apologize or make any statements about fault to an injured customer before speaking with your attorney or insurance company, because even a well-meaning comment can be treated as an official admission that locks you into legal responsibility.
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This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.