|
Today's Terms
Product Safety Recalls
Definition:
Sometimes sale of the item is banned. A manufacturer may establish a recall program that asks consumers to return the defective item for replacement or repair.
Civil Liability
Definition:
In a civil lawsuit, if a party is found to be at fault, that party is liable. This is equivalent to a guilty verdict in the criminal system, except that civil liability usually means that the party at fault pays money damages to the other party, whereas the guilty party in a criminal suit may have to go to prison.
Product Liability Fairness Act
Definition:
Allows unimpaired victims of asbestos exposure to be reimbursed for some medical monitoring costs
More Product Liability Terms >
|
