Definitions (2)
1. Civil (tort): Liability incurred for causing damage to life, limb, or property by a hazardous activity or a defective product, without having to prove that the defendant was negligent or directly at fault. It arises not from any wrongdoing but from the fact of the activity or product being inherently hazardous or defective.
Related Articles
- Initial Public Offerings *
- Options and Their Features *
- Explanation of the Major Factors Affecting Your Tax Returns *
- S&P 500, Wilshire 5000 and Other Indexes *
- Buy and Hold Stock Strategy *
- Technical Analysis *
- The Importance of Estate Planning and Determining Your Net Worth *
- What is Investing? *
Related Videos
http://www.businessdictionary.com/definition/strict-liability.html


