manufacturer's liability
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manufacturer's liability — ▪ law legal concept or doctrine that holds manufacturers or sellers responsible, or liable, for harm caused by defective products sold in the marketplace. Manufacturer s liability is usually determined on any of three bases: (1) negligence … Universalium
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
Liability Insurance — Any type of insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury or negligence. Liability insurance policies cover both legal costs and any… … Investment dictionary
Legal liability — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
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
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
Nuclear Liability Bill — The Civil Liability for Nuclear Damage Bill 2010 or Nuclear Liability Bill is a highly debated and controversial bill which was passed by both houses of Indian parliament. The Bill aims to provide a civil liability for nuclear damage and prompt… … 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
strict liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. strict liability … Law dictionary
