Which statement regarding parental liability is incorrect?

The statement that parents are always held legally liable for the acts of their children is incorrect. Parental liability does exist, but it is not absolute. The law considers various factors, including the age of the child and the nature of the act. For a parent to be held liable, there usually needs to be some form of negligence or wrongdoing on the part of the parent, such as failure to supervise adequately or prevent foreseeable harm.

In many jurisdictions, the law provides that parents may not be held liable for every action their child takes, especially when it comes to intentional torts. Furthermore, there can be defenses available to parents based on the minor's age and understanding of right and wrong, and cases of gross negligence might also present situations wherein a parent may not be held responsible. Thus, the rigid assertion that parents are always liable fails to capture the complexity of parental responsibility under the law.