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University of Michigan Law School

1994

Commercial Law

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Statue of limitations

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Proposed Revisions Concerning Products Liability Caveat Vendor, James J. White Jan 1994

Proposed Revisions Concerning Products Liability Caveat Vendor, James J. White

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Both industrial sellers and consumer sellers should look at proposals for revision of the sections relating to warranty liability in Article 2. Particularly important are the sections on warranty, express and implied, on third-party liability, disclaimers and limitation of remedy, notice, and statute of limitations. Using current law as a baseline, revised Article 2 increases sellers' liability in at least half a dozen ways and decreases it in no significant way.