Corporate Product Liability

A contractual view, with duty to comply and four variables: reliability, service life, maintainability and product safety.

Corporate Product Liability

One of the major areas affecting a company in terms of ethics, profitability and image is the area of corporate product responsibility. In the past few years, there has been an outcry from consumer protection agencies arguing that the wrongs against the buyer pervade American commercial practice.. Upon closer examination, corporations are taking strong action to put safeguards in place that protect consumers. If a consumer misuses a product, the corporation should not be held responsible.

Consumer analysts argue that product safety accidents affect millions of people. A recent analysis indicated that on an annual basis over 272,000 people were mangled and 289 were killed…

Written By wed

Leave a Reply

Your email address will not be published. Required fields are marked *