Final answer:
Competitive liability is not a recognized form of legal liability. Legal liability typically includes statutory liability, contractual liability, and tort liability, which are connected to laws, contracts, and civil wrongs, respectively.
Step-by-step explanation:
Legal liability may arise from various sources, and when considering the provided options, the correct answer to the question of which one does NOT result in legal liability is d. competitive liability. Legal liabilities typically come about as a result of prescribed responsibilities in the following areas:
- Statutory liability arises from specific laws enacted by a governing body
- Contractual liability occurs when there is a breach of terms agreed upon in a contract
- Tort liability comes into play when someone commits a civil wrong that causes harm or loss to another
Competitive liability, on the other hand, is not a recognized form of legal liability; rather, it pertains to the risks and challenges one may face in a competitive market, which generally do not result in legal responsibility unless there is a breach of competition law, which would fall under statutory liability.