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 the said party’s activities. Harms for which a party can be held liable include personal injury and property damages, as well as 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. In explicating principles as to when, and to what degree, the business that produced such goods is liable for the harms in question, theories of product liability provide guidelines for determining the extent and level of redress ...