Final answer:
Liability to a person in possession refers to the legal responsibility or obligation that a person in possession has.
Step-by-step explanation:
In the context of Restatement 218, liability to a person in possession refers to the legal responsibility or obligation that a person in possession has. Possession refers to having control or ownership over something, such as property or assets. This liability means that the person in possession is responsible for any consequences or damages resulting from their use or control of the property.
For example, if someone is in possession of a rental property and fails to maintain it properly, causing damage to the property, they may be held liable for the cost of repairs or compensation to the owner.
In summary, liability to a person in possession refers to the legal responsibility that a person has when they are in control or ownership of something.