Talk:Statutory liability

This article desperately needs some help. The definition give for "statutory liability" is apparently from the investopedia web site, but the definition is nonsensical, at least in American law. There is no such thing as a law that is "not open to interpretation."

Instead, the term "statutory liability" could be used to describe an obligation that is imposed on someone under a law enacted by a legislature (such as the U.S. Congress, or a state legislature) -- as opposed to an obligation arising under a provision of English common law (to give an example).

The investopedia definition is pretty much useless. Famspear (talk) 15:27, 29 October 2014 (UTC)