Final answer:
Strict products liability is a legal doctrine that holds manufacturers and sellers responsible for harm caused by defective products. It begins to run when a product is sold or put into the stream of commerce.
Step-by-step explanation:
The S/L in this context stands for Strict products liability. It is a legal doctrine that holds manufacturers and sellers responsible for any harm caused by their defective products, regardless of whether they acted negligently. Strict products liability is a key concept in product liability law, which focuses on holding manufacturers accountable for the safety of their products.
The S/L starts to run when a product is sold or put into the stream of commerce. This means that if a person gets injured by a defective product, they have a limited period of time to file a lawsuit against the manufacturer or seller. The specific time limit may vary depending on the jurisdiction and the applicable statute of limitations.