For just a moment, if I could just give an example of what I am referring to, let's suppose a computer has been sold by a computer company that sells a system. They have sold it to a small businessman. There is a Y2K problem and the small business is put out of business. They have lost millions of dollars over the course of several months. What we determine, when the investigation is done, is that what caused the problem is a chip, a computer chip that was sold by a manufacturer with whom this purchaser never had any interaction. Or it was some program that was loaded onto the computer. And the plaintiff never had any relation with the software manufacturer. Of course they would not; they bought the computer at a computer store from some computer salesman. Under the provisions of this bill, the person who was actually responsible, that is the manufacturer of the computer chip or software that was not Y2K compliant--you cannot recover against that responsible person for economic losses under the express provisions of this paragraph in Section 12.
Editor's note · Context
Discussing the implications of a bill related to Y2K liability for small businesses.
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