assume liability for

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 ?
21 approved a recommendation for Customs and Border Protection to allow carriers to assume liability for initial in-bond shipments for which the initial in-bond was applied in another mode.
PBCG said it was going to assume liability for the pension plans "because it is clear that Sears' continuation of the plans is no longer possible." PBCG expects to end the employee pension plans by the end of January.
A year ago, Malaysia agreed to repay the $1.2B to IPIC and assume liability for 1MDB's debt repayments after learning about mass corruption at 1MDB, the report says.
Under the terms of the consent order, which must still be approved by the court, the defendants are required to pay $20,000 to a former tenant and her seven-year-old son with autism who were denied permission to keep the childs assistance animal after the childs doctor refused to assume liability for any possible damages caused by the animal.
"I am satisfied that Michael Foley will assume liability for his second operation since joining Telenor Group and that Irfan Wahab Khan will take the steerage at Telenor Pakistan.
Summary: According to IPIC, upon the completion of the transfer of assets, IPIC will directly assume liability for all payment obligations.
The Commission published a green paper on 23 November suggesting the introduction of stability bonds' - which could range from joint bonds with only limited guarantees to fully-fledged bonds where countries assume liability for each other's debts.
Indeed, the Court notes, private parties often assume liability for bonds in trade or commerce.
An additional proposal stated that all the management agreements for funds in which the company directly or indirectly invests should be novated for the new manager to manage those as well, which if affected it will also assume liability for all existing obligations of the present manager.
If, in a lease, the insured agrees to assume liability for damage occurring to the premises, other than by fire, as will be discussed in a moment, or arising out of the premises, such as an injury on the sidewalk or front steps, the CGL coverage form will cover the insured's liability.
"Congress may consider whether the federal government should assume liability for costs associated with increasing ethanol blends," the lawmakers wrote to GAO.
The NHS Business Services Agency, which administers payments, has ruled that the trust must assume liability for the arrears and ongoing liability payment of the award.
The countries will assume liability for their share of Opel's rescue package, broken down to the number of the employees at the sites of Opel in the countries.
An AUM Shinrikyo splinter group has agreed to assume liability for paying compensation to survivors and bereaved families of victims of crimes committed by members of the religious cult in the 1980s and 1990s, two support groups for the victims said Friday.
Sellers want to be free of environmental liability after the sale, while buyers are reluctant to assume liability for a potentially contaminated site.