MANAGEMENT

Detailed explanation-1: -It is a kind of liability under which a person is legally responsible for the consequences flowing from an activity even in the absence of fault or criminal intent on the part of the defendant.

Detailed explanation-2: -To overview, in strict liability, an individual can be liable for damages. However, in an absolute liability, an organisation (commercial objective) can be liable for the damages. Moreover, in strict liability, the “escape” of the dangerous substance is necessary to hold a person liable for damages.

Detailed explanation-3: -A defendant subject to strict liability must pay damages irrespective of whether she has met, or failed to meet, an applicable standard of conduct. Action that causes harm is all that is required. By contrast, fault-based liability is conceived as liability predicated on some sort of wrongdoing.

Detailed explanation-4: -Under the strict liability rule, the law makes people pay compensation for damages even if they are not at fault. In other words, people have to pay compensation to victims even if they took all the necessary precautions. In fact, permissions allowing such activities often include this principle as a pre-condition.

Detailed explanation-5: -liability. n. one of the most significant words in the field of law, liability means legal responsibility for one’s acts or omissions.