Which type of liability is created by law and may establish the standard of care required?

The type of liability created by law that establishes a standard of care required is statutory liability. Statutory liability arises from laws or statutes enacted by legislative bodies. These laws often create specific duties and responsibilities for individuals and organizations, which must be adhered to. When someone fails to comply with these statutory obligations, they can be held liable for any resulting harm or damages.

For instance, various regulations require businesses to maintain certain safety standards to protect employees and customers. If a business violates these regulations, it can be held liable under statutory law. This type of liability clearly delineates what is expected of individuals or entities in terms of care, making it a crucial aspect of the legal framework governing personal and organizational conduct.