The phrase "acquire liability" is correct and usable in written English.
It can be used in legal or financial contexts when discussing the assumption of responsibility or obligation for something, such as debts or damages.
Example: "By signing this contract, the company will acquire liability for any damages incurred during the project."
Alternatives: "assume liability" or "take on liability".
In the hasty expansion, Brezco acquired liability insurance, paid workmen's comp and owned a warehouse full of expensive equipment.
As the promoter of this biomedical research, which falls within the scope of French Law n°2004-806 of 9 August 2004, the Hospices Civils de Lyon has acquired liability insurance coverage and stood as guarantors of the proper execution of the study.
As the promoter of this biomedical research, which falls within the scope of French Law n°2004-806 of 9 August 2004, the Hospices Civils de Lyon have acquired liability insurance coverage and stand as guarantors of the proper execution of the study (monitoring and management of serious adverse events and on-site monitoring visits).
Meanwhile, a metabolism level of defective mitochondria lowers and as a result monocytes containing them acquire a liability to lipoidosis.
In buying Union Carbide's assets, Dow also acquired its liabilities.
Most quantitative easing programmes primarily involve central banks acquiring government liabilities in return for central bank reserves.
As plants have changed hands, critics of nuclear power have expressed concern that a few utilities are acquiring enormous liabilities in buying reactors.
We have seen some acquisitions but those are more of acquiring the liabilities of running sites and spending more money to drive traffic.
BANK OF NEW YORK, New York, said its subsidiary, BNY Brokerage Inc., had agreed to acquire certain assets and liabilities of Capital Resource Financial Services, Chicago, a unit of Capital Resource Holdings Inc., pending regulatory approvals.
After trying but failing to sell its $1-billion-a-year PC sales unit to focus on its Web site operating business, Micron Electronics said that the Gores Technology Group would acquire the assets and liabilities of the money-losing unit, Micron PC.
