What Do You Understand By A Liability And Mention An Example. 371 viewsSeptember 10, 2023 1 LuckScout Member August 29, 2023 0 Comments What do you understand by a liability and mention an example. 6 Answers ActiveVotedNewestOldest 1 LuckScout Member Posted August 31, 2023 0 Comments Liability means being responsible for something one example would be a car accident. You are viewing 1 out of 6 answers, click here to view all answers. Register or Login