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product liability law

См. также в других словарях:

  • product liability law — law which determines the responsibility of a manufacturer for damages caused by defective products …   English contemporary dictionary

  • 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 — ➔ liability * * * product liability UK US noun [U] LAW ► the area of law that deals with a company s responsibility when a customer is injured or harmed by a product: a product liability case/claim/suit »Product liability suits have dramatically… …   Financial and business terms

  • 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 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

  • strict product liability — Under Part II of the Consumer Protection Act 1987, a product is considered safe if it presents either no risks or risks reduced to a minimum. Compliance with relevant British Standards and product specific safety regulations made under the 1987… …   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

  • product — prod·uct / prä ˌdəkt/ n 1: the result of work or thought 2 a: the output of an industry or firm b: a thing created by manufacturing 3 in the civil law of Louisiana: something (as timber or a mineral) that is derived from something else and that… …   Law dictionary

  • 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

  • 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 [ˌlaɪəˈbɪlti] 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

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