What is the meaning of the word "liable" in a legal context?

Canada (Federal), Canada

The following excerpt is from Canada v. National Trust Co., 1998 CanLII 8214 (FCA):

The ordinary meaning of the word "liable" in a legal context is to denote the fact that a person is responsible at law17. Hence, I am in respectful agreement with McLachlin J. (as she then was) when she stated in Discovery Trust Company v. Abbott et al,18 a case in which a section 224(1) requirement was served upon a trustee, that:

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