product liability

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Related to Product Liability Reform: Manufacturer's Liability

product liability:

see liabilityliability,
in law, an obligation of one party to another, usually to compensate financially. It is a fundamental aspect of tort law, although liability may also arise from duties entered into by special agreement, as in a contract or in the carrying out of a fiduciary duty.
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References in periodicals archive ?
The Bush administration is sympathetic to principles behind product liability reform.
Product liability reform to stop "junk lawsuits" was a plank in George W.
Mistreatment of uninformed consumers of legal services, legal protection for educators, sanctions to deter the filing of baseless claims, product liability reform, reasonable limits on multiple imposition of punitive damages, and curbs on class action abuse are among the most pressing issues demanding fair and balanced legislation.
Before vetoing product liability reform, the President indicated support for placing caps on damages assessed against small businesses.
This year is no exception with product liability reform again on the agenda.
Two separate versions of product liability reform legislation have been passed by Congress so far this year - one in the House and one in the Senate - but differences in the bills are so significant that there is growing concern about the ability of Congressional negotiators to finalize the issue.
economy as a whole, existing analyses of the decline in American general aviation and the potential impact of product liability reform are largely inadequate.
of Trial Lawyers of America and consumer groups argue that product liability reform would hurt people injured by irresponsible corporations and question why federal lawmakers should restrict state courts.
SPI and other supporters of product liability reform legislation may have their best chance in years of seeing meaningful reform.
The Federal Product Liability Reform Act was filibustered to death but may be resurrected in the next Congress.
The cost of litigation and insurance premiums, which affects us all, pushed product liability reform to new heights this year -- but not quite high enough.
Submitting unreasonable initial proposals has been a major impediment to supporters of many types of legislation, including those seeking federal product liability reform, which has many parallels to the changes we seek.

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