Question

Products Liability has become a big issue in the news and courts. Is it fair to hold companies responsible when it is a small fraction of the products produced that cause consumer’s harm? Is there an acceptable failure rate to relieve manufacturers from liability? Should the fact that most of these purchases by consumers are purely voluntary matter? Discuss substantively

Business Law

Answer 1

Yes, I believe that an organization should be aware of what they are producing and should take the responsibility if there is anything that causes to harm to consumers because even if the purchase is voluntary the organization should communicate the limitations and drawbacks to the clients. I believe that there should be an acceptable failure rate which should be defined and the organization needs to have the failure below this threshold and if it surpasses the organization should be penalised. As conveyed that the purchases are purely voluntary but even then the organization or rather manufacturers should be serious about what they are manufacturing as well.