Discussion on the Damage Compensation of Product Liability
Wang Rui-hua
Abstract
Wang Rui-hua
Abstract
Damage Compensation of Product Liability constitutes the core of the product liability,and its coverage is related to not only proper protection of the victim's right,but embodying the containment of the law against right infringement.Views are divided among various legitimating bodies and academic communities on issues such as economic damage compensation,mental damage compensation and punitive damage compensation.This paper makes a comparative analysis of their arguments,and points out that these concepts should be definitively and clearly stipulated by laws or regulations to facilitate dispute settlement in the reality,perfect the damage compensation system of product liability,and safeguard people's life and property.
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Damage Compensation of Product Liability constitutes the core of the product liability,and its coverage is related to not only proper protection of the victim's right,but embodying the containment of the law against right infringement.Views are divided among various legitimating bodies and academic communities on issues such as economic damage compensation,mental damage compensation and punitive damage compensation.This paper makes a comparative analysis of their arguments,and points out that these concepts should be definitively and clearly stipulated by laws or regulations to facilitate dispute settlement in the reality,perfect the damage compensation system of product liability,and safeguard people's life and property.
Key concepts: Punitive damages, Compensation (psychology), Liability, Product liability, Business, Product (mathematics), Settlement (finance), Strict liability