Wrongful acts or omissions for which an injured party can take legal action against the wrongdoer to seek monetary damages are called statutory liability.

Name: Wrongful acts or omissions for which an injured party can take legal action against the wrongdoer to seek monetary damages are called statutory liability.
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Question

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Statutory liability refers to legal responsibility imposed by a statute or law, not just any wrongful act or omission that results in injury or damages.

Wrongful Acts or Omissions for Which an Injured Party Can