assume liability for

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assume liability for

To take responsibility for something, typically a cost or expense. When you signed the contract, you assumed liability for fees like this.
See also: assume

assume liability for something

to accept the responsibility for paying a cost. Mr. Smith assumed liability for his son's student loans. The store assumed liability for the injured customer's hospital bills.
See also: assume
References in periodicals archive ?
The FRG also argues that even if it assumed liability for the West German bonds, the commercial activity exception would not apply to the (West German) bonds because Mortimer failed to satisfy settlement conditions by not complying with the validation procedures.
The lawmakers asked GAO to find out the federal government's risk if it allowed intermediate blends of ethanol, such as gasoline that contains 12 percent ethanol, and assumed liability for damage done to vehicles and non-auto engines.