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.
Under today's action, Metropolitan offers to buy all additional water that Imperial recently proposed to conserve and sell to the state, beyond the IID-San Diego transfer, if the state assumed liability for a plan to restore the Salton Sea.
6, 2001 merger with Waters Instruments, Waters has assumed liability for all obligations of North Central Plastics outstanding at the time of the merger.
Gold Canyon has assumed liability for all on-going costs associated with the Springpole Project and the full cost of the recently completed summer drill program, the results of which were summarized in a news release dated Oct.
predecessor to WestPoint Stevens, assumed liability for the litigation upon its acquisition of J.