The spelling of the word "Laible", pronounced as /ˈlaɪbəl/, is incorrect. The correct spelling is "liable", pronounced as /ˈlaɪəbəl/. The word "liable" is an adjective that means "legally responsible" or "likely to do or experience something." It is important to use correct spelling to avoid confusion and effectively communicate the intended meaning. With pronunciation guides such as the IPA phonetic transcription, readers and speakers can ensure accurate pronunciation of words in any language.