Business Law: Breaking The Deal - Product Liability

The video tutorial covers product liability, focusing on the seller's responsibility for defective goods. It explains recovery, which involves compensating for losses due to defective products. The tutorial delves into contract theories of recovery, including express and implied warranties, and tort law theories, such as negligence and strict liability. These concepts help understand how buyers can seek compensation for defective products.

Describe the implied warranty of merchantability and provide an example.

What is the difference between tort law negligence theory and strict liability theory?