Question

Searched for According to the textbook , manufacturers legally must:

Answer 1

Manufacturers legally must follow certain rules and regulations regarding consumer safety standards. However, international trade does not require all nations to impose the same standards. Manufacturers can reassure buyers facing imperfect information by providing accurate product information, warranties, and certifications.

Step-by-step explanation:

According to the textbook, manufacturers legally must follow certain rules and regulations regarding consumer safety standards. However, the rules of international trade do not require that all nations impose the same consumer safety standards. Each country has its own set of regulations and requirements.

Manufacturers can reassure buyers who are faced with imperfect information by providing accurate and detailed product information, offering warranties or guarantees, and obtaining certifications or endorsements from reputable third parties.

Answer 2

Manufacturer's liability is a legal theory or doctrine that holds producers or sellers accountable for damage brought on by subpar goods that are marketed and sold. Typically, one of three criteria is used to evaluate a manufacturer's liability:

(1) Negligence, which is the failure to use reasonable care to prevent product defects or the failure to provide consumers with adequate warning of a danger attendant the use of a manufactured product.

(2) Breach of Warranty, which is the failure to uphold the terms of a claim or promise regarding the quality or performance of a specific product; and

(3) Strict responsibility, which allows for the culpability of a seller or producer for a defective product even in the absence of negligence or warranty breach. The courts' increasing acceptance of arguments based on manufacturer's culpability is attributed to a vigorous consumer movement.