Stand up in Court?

"Michael Ware" wrote in message
m...
General question here. I am not at all familiar with the regs regarding
homebuilts or experimental aircraft. Do they have to have an annual
inspection to remain airworthy?
If so, I am thinking let the thing go out of annual before you sell it.
Make
the buyer responsible for arranging whatever is needed to get everything
current. Hopefully it would shift enough responsibilty to the new owner
and
his A&P if some failure were to get someone hurt or killed to keep you out
of it.

Homebuilts require an annual inspection. If you built it you are still the
builder of record and if you have assets worth going after you will probably
join the list on the lawsuit. Quite often is is not who is at fault but who
has significant assets. Lawyers don't care who is at fault only who has
money.

This is true. A company I know was sued after a claim was made that one of
their parts failed, causing the deaths of two small children. Tests showed
that the part had been improperly installed (which could have caused a
failure), but did not fail.

The insurance company settled for over $4 million.

The worst part is that now the product liability premiums for this product
line now cost more that the profit made on the line, however dropping the
line is impractical, as they will still need to maintain the liability
insurance for the products already sold.

"Dave Stadt" wrote in message news:6mMMf.17004
Lawyers don't care who is at fault only who has money.