Advanced decision making in business

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Reference no: EM132244049

Topic is Advanced Decision Making in business

In the realm of product liability and business torts, the question of liability is problematic for most businesses that sell products. Strict product liability for the manufacturer developed in the mid 1930s with a famous case against Buick Motors. Some other well-known examples of past product liability cases include

Tylenol tampering;

Wendy's chili tampering;

Firestone tires;

Ford Pinto gas tanks;

Tobacco companies’ liabilities;

and McDonald's hot coffee.

It is essential for businesses to have strategies in place to protect those who use their products. But we first need to learn what the sources of potential liability are. Explore the theories of product liability and potential defenses to claims involving product liability.

Reference no: EM132244049

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