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Yes, you could be sued but it isn't likely they could be successful.
What they would have to do is sue both you and the parents of the child and then prove you were somehow negligent.
It looks like the Chat function may be having problems so I am going to switch this to a Q and A format to be sure you can see the answers.
Thank you, I don't anticipate this will happen but I would rahter have an idea if we are liable. His mother and father are across the US and it is likely he will be with us for some time I really appreciate the response