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Businesses more accountable for their products

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Doctrine of strict liability states that if is something is deemed inherently dangerous parties in the value chain can will be held responsible. The doctrine of absolute liability states that even if a party had no knowledge that a product was deemed inherently dangerous said party is still responsible. Market share liability refers to making companies liable based on their total market shares. These implication make businesses more accountable for their products.

Reference no: EM131440328

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