product liability

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Related to Product Liability Reform: Manufacturer's Liability

product liability

n
(Commerce) the liability to the public of a manufacturer or trader for selling a faulty product
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations

product liability

n (Jur) → Produkthaftung f
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
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References in periodicals archive ?
MYTH TWO: Product liability reform won't have any effect on our competitiveness because when we are selling abroad we are playing by foreign rules.
An empirical analysis by Paul Rubin and Joanna Shepherd found that the enactment of noneconomic damages caps and product liability reform were among the measures associated with a decrease in the non-motor vehicle accidental death rate over the 1981-2000 period for states that implemented those measures as compared to states that did not.
On the matter of product liability reform, Satagaj said that Congress has changed tactics from a major overhaul of the nation's tort system to incremental changes.
Another New Years resolution Congress should act on is product liability reform.
Graves asserted that state tort reform has passed in so many states in the nation over the past five years as an "appropriate reaction to judicial overreaching" that the citizenry has come to realize acts to its "ultimate detriment." He added, "In all probability, thoughtful product liability reform measures in Madison shall receive a deserved boost due to the dangerous elasticity of the Thomas cases and several unrelated decisions that the Wisconsin Supreme Court has issued coincidentally, which together stand to usurp the power of the legislature and permanently bend the state's traditional tort system out of kilter."
The issue of product liability reform has been on the national agenda since the mid-1980s.
Out of the 14 states who've passed legislation to protect gun manufacturers and retailers from junk lawsuits, Texas' work is the most important, for two reasons: First, Texas has passed perhaps the broadest product liability reform in the nation.
As with multiple imposition of punitive damages, there is a clear need for product liability reform legislation at the federal level.
Key upcoming debates facing the House and Senate include retail bankruptcy reform, a workplace ergonomics vote and the Small Business Product Liability Reform Act, Sederholm said.
In states with the most change regarding product liability reform, annual loss costs have increased 4.4 percent since the mid-'80s, according to the report.
"In the area of legislative work, our number one agenda will be to continue work on product liability reform," said Herzog.

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