Which of the following is false about product liability? A. Liability insurance costs make American businesses...
Which of the following is false about product liability?
A. Liability insurance costs make American businesses less competitive in the global market place.
B. Product liability involves holding a firm and its officers responsible when a product causes injury, death, or damage.
C. Liability increases when products don't conform to the required safety standards.
D. Product liability cases are settled in civil courts.
Homework Answers
All other options are correct except " Liability insurance costs make American businesses less competitive in the global market place."
Product liability refers to a producer or manufacturer being held liable for placing a defective product into the market and in the final hands of a consumer. Thus they are liable for penalties and punishment according to law.
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Which of the following is false about product liability?
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