Examlex
A GDP price index of 100 for a year implies that:
Obvious Dangers
Hazards or risks that are apparent and should be reasonably recognized by an individual, reducing or eliminating liability for injuries resulting from such dangers.
State-of-the-Art Defense
The state-of-the-art defense is a legal argument used in product liability cases to claim that the product was made in accordance with the highest level of technology and knowledge available at the time of manufacture.
Strict Liability
A legal doctrine that holds a party responsible for damages or harm caused by their actions, without the need to prove negligence or fault.
Strict Product Liability
Liability under which, courts may hold the manufacturer, distributor, or retailer liable for any reasonably foreseeable injured party.
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