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Law

United states has very firm laws, has so strict laws having to do with product liability. Many countries are much more relaxed regarding product liability. Elaborate.

A century ago, the watchword was caveat emptor, buyer beware, which meant, in effect, that it was responsibility of the purchaser to make sure before the product was bought that it was safe. Ofcourse, one hundred years ago products were far less complex than they are today. For that reason, it was not a particularly unreasonable demand that the consumers take the time to examine a product before purchasing it. A consumer could sue a manufacturer only if he could prove either negligence or that the product did not live up to its warranties. But today its not reasonable to expect a consumer to know if a washing machine or a television set has been manufactured defect-free? Certainly not. For this reason, the law has evolved to a point where the consumer is now protected against negligence by a manufacturer. This protection comes under the heading of product liability.

“The term “product liability” is generally applied to the liability of a manufacturer, processor, or non-manufacturing seller of a product for injury to the person or property of a buyer or thi


In underdeveloped and developing countries like India and China sellers still dominate the buyers to some extent .In India before 1992 foreign goods or global companies were not allowed to enter India. So the market consisted of only domestic manufacturers as a result the market consisted of few buyers and many sellers so the buyers were given much importance than the sellers, so the government was linient on product liability. But when LPG (liberalization, privatization and globalization) rule was passed in 1992 foreign companies were allowed to enter India. From then on sellers started to dominate the market. The Indian government is making strict rules and laws against consumer protection. So the product liability rules are linient in India when compared to USA. Moreover, India is not developed as USA industry wise, and if government starts making strict rules against product liability the manufacturers will stop making new products in fear of suits against them.US is a free economy, it is a consumer driven economy in which consumers put extra pressure on the part of the manufacturers to maintain the goodwill of their company.

• The injury was the fault of the person using the product.

According to statistics made available by the “consumer product safety commission”, approximately 28000 Americans die and 33 million others, almost one-eighth of entire population of this country, are injured each year as a result of accidents involving consumer products. And these figures don’t even include accidents involving product

Some topics in this essay:
, India China, Moreover India, Consumers USA, China Chinese, product liability, • injury, liability costs, accidents involving, companies allowed enter, accidents involving consumer, involving consumer products, allowed enter india, involving consumer, chinese consumers, • injury caused, foreign companies, market consisted, caused product, cost product,

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Approximate Word count = 1039
Approximate Pages = 4 (250 words per page double spaced)


  

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