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Product Liability. Common Law “Caveat Emptor” Privity Court Law Legislation. Product Liability. Negligence Strict Liability Product defects Manufacturing Design Marketing. Product Liability. Absolute liability Market-share liability. Product Liability. Exceptions Public Policy
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Product Liability • Common Law • “Caveat Emptor” • Privity • Court Law • Legislation
Product Liability • Negligence • Strict Liability • Product defects • Manufacturing • Design • Marketing
Product Liability • Absolute liability • Market-share liability
Product Liability • Exceptions • Public Policy • Consequences
Product Liability • Reform proposals • Uniform federal standards • Burden of proof shift • Eliminate specific bases for some claims • Loser pays legal fees • Cap punitive damages
Deceptive Trade Practices Act • False representation • Exculpation • Written • 2 year statute of repose
Product Liability • International Differences • EU • Strict liability in 1988 • Capped damages • Japan • 1995 Act • Design or manufacturing negligence • US • Jury trials • Contingency Fees • Punitive Damages