Paper Topic:

Product liability

Running head : PRODUCT LIABILITY

Product Liability

Author

Institution

Professor

Subject Product Liability

Introduction

In an ever more litigious society , it is not unusual for cases involving product liability to considerably increase throughout the past two decades . In today 's world , product liability is an exceptionally bona fide business risk . Companies , even those with excellent product safety procedures and policies , cannot afford to seriously disregard the possibility of product liability . Product liability is all-encompassing putting numerous diverse types of businesses at risk . Product liability holds distributors

, manufacturers , retailers , suppliers , and others who make products publicly available liable for the damages caused by those products

Product liability affects not just those who manufacture products Retailers who put the product in the market are also liable as a seller As such , the product liability claims may entail legal proceedings just to determine the facts and the legal consequence . However , the majority of states in America presently pass through accountability for retailers , which grant some level of protection against claims of product liability

Overview of Product Liability

Product Liability is generally identified as liability for damages in case a defect in the delivered product , a property , a body or life of another individual , as well as a third party , whether juridical or natural person not directly consuming or using the product , is injured (Cornell University Law School . As such , the manufacturer , processor retailer , importer or any one whose name , etc . is placed on the product as business is responsible for damages to the injured...

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