FIN 240 Lecture Notes - Lecture 12: Community Areas In Chicago, United States Patent And Trademark Office, Strict Liability
Document Summary
Product liability - manufacturer"s, seller"s, or lessor"s liability to consumers, users, and bystanders for physical harm or property damage that is caused by the goods. Based on negligence - manufacturer"s failure to exercise reasonable standard of care. Design, materials, production process, assembling and testing, adequate warnings, inspection, and testing. Plaintiff must show that the defendant"s conduct was the cause in fact" of an injury. It must also be determined that the defendant"s act was the proximate cause of the injury. Strict product liability - holds people liable for results of their acts, regardless of their intentions or exercise of reasonable care. Under the doctrine of strict liability, a person who engages in certain activities can be held responsible for any harm that results to others, even if the person used the utmost care. Involves high degree of risk that cannot be made safe. Are not commonly performed in the community area. Owners keeping wild animals are strictly liable for injuries.
