What is the “risk-benefit test”?

Related FAQs

Is a company liable for product defects that were caused by a third party?
Are there any restrictions on the types of products that can be subject to product liability law?
Is there a legal standard for determining the “reasonableness” of a product?
What is the difference between a “product liability” claim and a “breach of warranty” claim?
Does a product’s age affect its liability status?
What is the difference between a manufacturer’s warranty and product liability law?
What is a “products liability action”?
What is a “negligence per se” claim?
How do manufacturers demonstrate compliance with product liability laws?
Is a manufacturer responsible for product defects discovered after a sale?

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