Answer / biswa

the state of being legally obliged and responsible

Answer / biswaranjan

what is indebtedness?

an obligation to pay money to another party.

Answer / sara

liabilities are those which a business owes.e.g loan from
banks ,loan from friends ,loan from relatives.

Answer / amit

an obligation to pay money to another party

Answer / amar nath kosta

Liability means any legal responsibility, duty or obligation
for one's acts or omissions. It is the bound of necessity
that exists between the wrong doer and the remedy of the wrong.

Answer / b.narasimha rao

PROBABLY FUTURE SACRIFICE OF A ECONOMIC BENIFITS ARISING
FROM PRESENT OBILIGATION OFA PARTUCULAT ENTITY TO TRANSFER
OF ASSETS

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