Products liability

Products liability is the legal liability of manufacturers, wholesalers, and retailers to persons who are injured or who incur property damage from defective products.

Category: Banking & Finance

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Related Definitions

Intermediate Products
Intermediate Products are produced in order to be used in...
Product liability insurance
Coverage for losses for injuries caused by the use of...
Vicarious liability
Vicarious liability is a responsibility for damage done by the...
Pro rata liability
Pro rata liability is a generic term for a provision...
Products-completed operations hazard
Products-completed operations hazard is a liability loss that occur away...

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Products liability

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