products liability

products liability
products liability see liability 2b

Merriam-Webster’s Dictionary of Law. . 1996.

products liability
A doctrine of tort law that holds manufacturers and sellers liable for injuries caused by defective products they introduce into the marketplace.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

products liability
A kind of civil lawsuit against the maker of a product, which claims that a person or group of people were injured or damaged by a product that was defective or not suitable for the use it was advertised for. Products liability lawsuits are often class actions. (See also: class action)
Category: Accidents & Injuries
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • products liability insurance — Insurance that gives protection against legal liability for injury to third parties or damage to their property, arising out of products supplied by the business. Practical Law Dictionary. Glossary of UK, US and international legal terms.… …   Law dictionary

  • products liability — The liability of the manufacturer or seller of an article for an injury caused to person or property by a defect in or condition of the article sold. 46 Am J1st Sales § 799. The liability of a manufacturer or packer of drugs or poisonous sub… …   Ballentine's law dictionary

  • products liability — The liability of manufacturers and other persons for defective products. Under the Consumer Protection Act (1987), passed to conform with the requirements of EU law, the producer of a defective product that causes death or personal injury or… …   Big dictionary of business and management

  • products liability insurance — A contract or policy of insurance specifically designed to protect the producer, manufacturer, or seller of goods against liability arising by reason of injury to the person or property of others caused by the use of his products. 29A Am J Rev ed …   Ballentine's law dictionary

  • products-liability insurance — An insurance policy that pays any compensation the insured is legally liable to pay to customers who are killed, injured, or have property damaged as a result of a defect in a product that they have manufactured or supplied. Costs incurred as a… …   Big dictionary of business and management

  • 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

  • products — I noun articles of commerce, assets, chattels, commodities, consumer durable, durables, effects, goods, holdings, items, line of goods, manufactured goods, merchandise, produce, produced materials, resources, staples, stock in trade, supplies,… …   Law dictionary

  • liability insurance — insurance covering the insured against losses arising from injury or damage to another person or property. * * * Insurance against claims of loss or damage for which a policyholder might have to compensate another party. The policy covers losses… …   Universalium

  • products-guarantee insurance — An insurance policy covering financial loss as a consequence of a fault occurring in a company s product. A product guarantee claim would be made, for example, to pay for the cost of recalling and repairing cars that are found to have a defective …   Big dictionary of business and management

  • Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”