The Statute of Repose
Today we learned about the statute of repose. For those of you who are not familiar with it, the SOR is the time period after which a manufacturer of a product can no longer ebe held liable for the performance of the product. It's similar to the statute of limitations. For more information and some good examples of the SOR, see the page from which I stole that definition: http://www.nam.org/s_nam/doc1.asp?CID=453&DID=225290.
The idea behind the SOR is that, just because an entity manufactured a product, doesn't mean that they are liable for the performance forever. At some point, all products will break down. For American cars, that point is approximately 2 days after the warranty runs. Other products vary. But nothing lasts forever, so the manufacturer should not be on the hook forever. The trick is figuring out what the SOR is for a given product. The product in which we're interested is a water filtration system. Anybody know anything about SORs for water filtration systems?
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