Duscussion question There has been a great deal of discussion regarding the law

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Duscussion question

There has been a great deal of discussion regarding the law and products liability. Many companies feel that the law has gone too far in its protection of consumers and, in turn, many consumers feel that the law is not doing enough to protect them from potentially dangerous products. Discuss one product that has been found either by a court case, the FDA,FTC,  EPA, Consumer Product Safety Agency or other such federal agency to be unsafe.  Briefly discuss how this came about and what action, if any, the federal agency took in response to the potential danger that the product posed. Do you agree with the action? Why or why not?

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Products liability is a serious issue that businesses must consider when developing products and placing products on the market. Defective products can cause serious injuries and even death and as such products must be properly developed and tested prior to public consumption. In addition to causing injury and death products liability law suits can cost companies a great deal of money and damage the reputation of an established brand. In recent years companies such as Toyota and BP have dealt with problems related to defective products. These problems have led to recalls and the loss of brand loyalty. The purpose of this discussion is to discuss the legal issues surrounding products liability. The research will address the liability that a firm might have if it should recall a product after being informed that it may be harmful to consumers who used the product. The research will also investigate the issue of potential liability if, after having been informed of harm to consumers who have used the product, the firm does not then recall the product.

Owen (2007) reports that the current laws governing products liability actually dates back to early medieval English Law which held sellers accountable for products that contained defects. Eventually the common law of caveat emptor or let the buyer beware developed (Owen, 2007). Over time England and eventually American developed liability laws related to the manufacturers

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