Under the supervision of both of these parties, the liability for the tort may fall under Molly and Ned.
A liability is defined in financial accounting as the future forfeitures of economic benefits that an entity must make to other entities as a result of previous transactions or other previous events, the resolution of which may result in the transfer or use of assets, provision of services, or other future yielding of economic benefits. Financial accounting liabilities do not always have to be based on legally enforceable duties; they can be be based on constructive or equitable responsibilities. Any requirement founded on moral or ethical principles is referred to as being equitable. A constructive obligation, as opposed to a contractually based responsibility, is one that is indicated by a given situation's collection of facts.
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