Product liability — is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. Product liability in the United StatesIn the United… … Wikipedia
product liability — liability in tort or delict in respect of produce. Essentially an application of the law of tort although the term can be used to cover liability under sale and supply of goods. Although there is now a Europe wide regime of strict liability, the… … Law dictionary
Product Liability in the Republic of Ireland — Irish law on product liability was for most of its history based solely on negligence. With the Liability for Defective Products Act, 1991 it has now also the benefit of a statutory, strict liability regime. Liability for Defective Products Act,… … Wikipedia
product liability — Refers to the legal liability of manufacturers and sellers to compensate buyers, users, and even bystanders, for damages or injuries suffered because of defects in goods purchased. A tort which makes a manufacturer liable if his product has a… … Black's law dictionary
liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds … Law dictionary
strict liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. strict liability … Law dictionary
strict liability — Liability without fault. Goodwin v. Reilley, 1 Dist., 176 Cal.App.3d 86, 221 Cal.Rptr. 374, 376. A concept applied by the courts in product liability cases in which seller is liable for any and all defective or hazardous products which unduly… … Black's law dictionary
Strict liability — Tort law Part of the … Wikipedia
Liability — A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation. The New York Times Financial Glossary * * * liability li‧a‧bil‧i‧ty [ˌlaɪəˈbɪlti] noun liabilities PLURALFORM … Financial and business terms
liability — 1) In the broad legal sense, responsibility or obligation. For example, a person is liable to pay his debts, under the law; 2) In accounting, any debt owed by an individual or organization. Current, or short term, liabilities are those to be paid … Financial and business terms
