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Say I want to sell my computer on eBay. I'll make a profit and report the profit to state/IRS. No problem there.
What happens if the buyer makes a claim that it fried his cat or any personal injury / property damage claim? Am I personally liable in that they could sue and I could lose my car, etc.? Or is there a limit to potential liability?
Thank you!
If this is a computer that you built/made then yes you could be liable. You need insurance.
If this is a computer that you resold as part of a business undertaking then yes you could be liable - in general, you would have a claim on your supplier. You need insurance.
If this is the sale of second-hand goods in a private not for business way then you would generally not be liable.
