Define liability and provide an example of an liability within the context of a university environment

Liability refers to a legal responsibility for something, such as a debt or obligation. In a university environment, liability could refer to any potential legal responsibility that the institution may have.

For example, if a student slips and falls on a wet floor in a university building and sustains an injury, the university may be liable for the student's medical expenses and other damages if it is found that the university was negligent in maintaining the premises. In this case, the university would have a legal obligation to compensate the student for their injuries and related expenses.