Essentials of Business Law Chapter 33

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Author:
Drizzle
ID:
276638
Filename:
Essentials of Business Law Chapter 33
Updated:
2014-06-11 14:53:56
Tags:
Business Law
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Description:
Chapter 33
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  1. Product liability
    The liability of a manufacturer or seller for injury to purchasers, users, and third parties.
  2. Product flaw
    An abnormality or a condition that was not intended and that makes a product more dangerous than it would have been had it been as intended.
  3. Failure to warn
    The dereliction of a duty to advise purchasers and users of dangers inherent in a product.
  4. Design defect
    A fault in a product that creates a hazardous condition that causes injury.
  5. Strict liability
    The doctrine under which persons may be liable for injuries to others whether or not they have been negligent or committed an intentional tort.  This establishes liability without necessity of proving fault.
  6. Food and Drug Administration (FDA)
    The federal agency responsible for the safety of food and drugs sold in the United States.
  7. Consumer Product Safety Commission (CPSC)
    The federal agency responsible for the safety of consumer products sold in the United States.
  8. Master Settlement Agreement
    A contract in which the major cigarette manufacturers in the United States agreed not to engage in certain advertising strategies.
  9. National Highway Traffic Safety Administration (NHTSA)
    The federal agency responsible for the safety of automobiles sold in the United States.

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