Question

PLEASE HELP ASAP

Which of the following best describes liability?
1.taking risks or being in risky situations
2.understanding responsibility or taking responsibility for the actions of others
3.recognizing laws or explaining legal matters to clients
4.being responsible for or having an obligation to do something

Answer 1

Answer: 2

Step-by-step explanation:

Answer 2

4.Being responsible for or having an obligation to do something

Step-by-step explanation:

Being liable for something is to be responsible for an action, so being a liability would make you responsible and or obligated depending on situations.

a liability is to be liable for something, obligated or in debt