Economics
Strict Liability in Product Defect Claims
Quick fact
Under strict liability, a manufacturer can be held liable for a defective product even if they took every reasonable precaution in design and production—the plaintiff need only prove that the product was defective and caused the injury.
Why this is interesting
When a toaster explodes in your kitchen, do you have to prove the company was careless to get compensation? In many courts, the answer is no—and that's the power of strict liability.