Twentieth Century product liability law is best characterized by the phrase:

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Twentieth Century product liability law is best characterized by the principle of caveat venditor, meaning "let the seller beware." This means that the seller is responsible for ensuring their product is safe for consumers and can be held liable for any harm caused by the product. This is in contrast to the previous principle of caveat emptor ("let the buyer beware"), which placed the burden of responsibility on the consumer to make informed purchasing decisions.

Twentieth Century Product Liability Law Is Best Characterized by the Phrase