Product Liability

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Submitted by to the category Business and Industry on 08/04/2013 08:28 AM

Running Head: PRODUCTS LIABILITY RESEARCH PAPER 1

Products Liability Research Paper

Aaron Houghtaling

Professor Joyce Weddle

LEG 500

Jun 09, 2013

PRODUCTS LIABILITY RESEARCH PAPER 2

Select a company that has been the subject of a product liability lawsuit in the last ten (10) years. Research the lawsuit using legal data.

Product liability could be defined as a section of law that holds manufacturers, suppliers and retailers of products, liable for injuries caused by their products, upon consumers. This law specifically targets the products as explained in tangible personal products. Lawsuits in product liability fall under the category of tort laws and the litigation occurs for different reasons. Among the reasons include defects detected in the products that cause injuries, or other related damages to consumers (Friedman, 2004). These defects could occur either on the finished product of part of the product not functioning according to the specification, provided by the manufacturer.

Describe the company and the product safety issue that led to the lawsuit.

The “Toyota Motor Corporation” is a Japan-based automobile manufacturing company established in 1937, and continues to specialize in the manufacturing of automobiles to this day. Though the headquarters of the company are in Aichi, Japan, the company operates as a multinational corporation with regional offices across the globe. Throughout the years, Toyota continues to experience growth in different aspects, and as of 2010, the corporation became the chief automobile maker in the world. The company also ranks, ninth internationally, among multinational corporations, in terms of revenue collection. The quality of the vehicles manufactured by Toyota Motor Corporation contributes significantly to the international awards received by the company....

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