Think of liability as a promise you make to take care of something or fix something if it goes wrong. Imagine you borrowed your friend’s toy car. You promise to return it in the same condition. If it breaks, you are responsible for fixing it or getting them a new one. That’s your liability.

Another way to think about liability is like a homework assignment. You need to complete it because it’s your responsibility. If you don’t do it, you might get in trouble or have to do extra work later. It’s something you need to take care of or else there are consequences.

Liability can also be like a superhero’s duty. Superheroes have a responsibility to protect people and do the right thing. If they make a mistake, they try to fix it because they are liable for their actions. Just like them, when you have a liability, you need to make sure you handle it well and do what you promised.