New York bill S07463 amends strict liability law to hold electronic marketplace providers strictly liable for defective products sold through their.

New York bill S07463 amends the general obligations law to redefine electronic marketplace providers as retailers for strict liability purposes. This means they are strictly liable for damages caused by defective products sold through their platforms, to the same extent as traditional retailers. The liability applies regardless of fault, physical presence in the state, or whether the provider took possession of the product. Exemptions exist if the product is preowned, used, handmade, or custom-made, and if the provider did not benefit financially from the sale.

New York bill S07463 amends strict liability law to hold electronic marketplace providers strictly liable for defective products sold through their.

New York bill S07463 amends the general obligations law to redefine electronic marketplace providers as retailers for strict liability purposes. This means they are strictly liable for damages caused by defective products sold through their platforms, to the same extent as traditional retailers. The liability applies regardless of fault, physical presence in the state, or whether the provider took possession of the product. Exemptions exist if the product is preowned, used, handmade, or custom-made, and if the provider did not benefit financially from the sale.