Definition
General liability or obligation of a producer (or supplier) of a good or service to make restitution for loss associated with its use, such as personal injury or property damage. Commonly, the aggrieved party does not have to prove that the producer (or supplier) was negligent because the fault is inherent to the item. See also absolute liability.
Related Videos
http://www.businessdictionary.com/definition/product-liability.html


