Liability Theory

Theories of liability are intended to explicate the conditions under which a party can be held legally responsible for harms to others caused by said party's activities. Harms for which a party can be held liable include personal injury, property damages, and certain intangible harms such as mental anguish and loss of future earnings. Questions of liability occur in many business contexts, including most prominently cases in which a distinct harm is brought about to an individual through the use of a company's product. Theories of product liability provide guidelines for determining the extent and level of redress available to injured persons. By providing consumers with a means of seeking redress for harms caused by unsafe products and companies with an incentive to produce safe ...