Product Liability Reform Act of 1987

[AI summary unavailable — showing source text] Product Liability Reform Act of 1987 - Preempts inconsistent State law, within limitations contained in this Act. Subjects the seller of a defective product unreasonably dangerous to a user or consumer to strict liability for physical damage caused by the product when: (1) the seller is engaged in the business of selling such a product; and (2) the product reaches the user or consumer without substantial alteration in its condition. Denies liability in instances when the harm results: (1) more from the user's negligence than from the negligence of the product seller; (2) from an unreasonable misuse of the product even if foreseeable and feasibly preventable; and (3) from a defect that could not have been discovered and eliminated given the technology at the time the product was made. Prohibits the application of the doctrine of joint and several liability to product liability actions, except in cases when persons acting in concert are the proximate cause of the injury. Sets a limitation on the amount of noneconomic damages that can be recovered. Permits an award of punitive damages in a product liability action only when: (1) it is shown that the person subject to liability acted w…