19:10
@LawIsForPeasants: ayo i bought 100,00 shares $CNSP per your recommendation. I Hope it works otherwise its back to the wage cage for me and now law school :/
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Simple English definitions for legal terms
manufacturer's liability
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A quick definition of manufacturer's liability:
Manufacturer's liability, also known as products liability, is when a company that makes or sells a product can be held responsible if someone is hurt or their property is damaged because of a problem with the product. This can happen if the product is defective or dangerous in some way. The company can be sued for damages, which means they have to pay money to the person who was hurt or had their property damaged. This is to make up for the harm that was caused.A more thorough explanation:
Manufacturer's liability, also known as products liability, refers to the legal responsibility of a manufacturer or seller for any damages or injuries caused by a defective product. This can include injuries suffered by the buyer, user, or bystander.
Products liability can be based on a theory of negligence, strict liability, or breach of warranty. Strict products liability arises when the buyer proves that the goods were unreasonably dangerous and that the seller was in the business of selling goods, the goods were defective when they were in the seller's hands, the defect caused the plaintiff's injury, and the product was expected to and did reach the consumer without substantial change in condition.
For example, if a person buys a car and the brakes fail, causing an accident and injury, the manufacturer may be held liable for the damages. Similarly, if a person uses a defective power tool and is injured, the manufacturer may be held liable for the injuries.