What is the purpose of product liability law?
Product liability law exists to protect consumers and other people who do business with a company from harm due to dangerous and defective products. The purpose of this law is to hold manufacturers and sellers accountable when a consumer or other person suffers injury or economic loss because of a faulty product. Without product liability law, consumers would have no recourse against a manufacturer or seller for a faulty product. Product liability law in North Carolina holds manufacturers and sellers responsible for any product that they have created or sold that turns out to be defective or otherwise dangerous to consumers. If a consumer buys a product that does not meet an expected standard of safety or quality, they may be able to sue the manufacturer or seller for compensation. This could include the cost of medical bills, lost wages, and any other economic losses that occurred due to the dangerous product. Additionally, the purpose of product liability law is to incentivize companies to create and distribute safe and reliable products. Companies must take steps to protect consumers from dangerous products, or they could be liable for any harm caused by those products. This encourages companies to have effective quality control systems in place, and to use caution when bringing a product to the market. Overall, product liability law provides important legal protection for consumers and other people who purchase products from manufacturers and sellers.
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