Question

1.Define and briefly discuss products-liability law.

2. Define and briefly discuss express warranty, implied warranty, and implied warranty of merchantability.

Answer 1

1:- Product liability law refers to the area of law in which suppliers, manufacturer's, retailer, distributors are responsible for any harm or injuries created by the product cause. Product is a genaralized term but in this law it refers to the tangible items.The country where the damage occurs determines the intensity of law and it's application

Responsibility of the harm created by the product kies with sellers of the complete distribution chain of the product.Because of this strict law in countires like US companies provide sufficient warranty for the product for the consumers for a definite period of time .

2:-Express warrant is by default created when a seller affirms that the product will perform in certain manner.

The usages like warranty, guarantee are bit required in express warranty.This is applicable by affirmation, sample of goods and by description of the goods.

Implied warranty is more o assurance which are formally agreed by the seller to the buyer and during the purchase of certain item.The example of implied warranty is that when a person purchase a car the implied warranty is that car should work. Implied warranty not merchantability refers to the seller makes a proper agreement in terms of collecting back the Product on its defect and replace with new one or refund the amount. This implied merchantability is very common in the current e commerce business where they provided option for returns.