Skip to main content
Insurance

Lack of privity

In product liability cases, the defence of no contractual relationship asserts that no liability should be placed on the manufacturer or vendor, as there is no direct relationship between them and the injured party. This defence is often used when the injured party is seeking compensation for damages caused by a defective product. It is important to understand the nuances of this defence in order to effectively navigate product liability cases. Let's delve deeper into this concept.

Related terms

Earthquake insurance

Understand the meaning and definition of Earthquake insurance in the context of stock market, trading, and investments.

MORE
Annual-premium annuity

Understand the meaning and definition of Annual-premium annuity in the context of stock market, trading, and investments.

MORE
Precertification

Understand the meaning and definition of Precertification in the context of stock market, trading, and investments.

MORE
Loss settlement clause

Understand the meaning and definition of Loss settlement clause in the context of stock market, trading, and investments.

MORE
Contract

Understand the meaning and definition of Contract in the context of stock market, trading, and investments.

MORE
Insurability

Understand the meaning and definition of Insurability in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.5 Cr+ happy customers
+91