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Notes -
because limited liability for tort victims only exists with state intervention
limited liability against consumers, creditors, employees, other known parties, could all be done by mutual agreement, but limited liability to third parties, e.g., someone who is killed by one of the corporation's drivers, can only exist with state intervention
to see how clownish this can get, check out some of the horror stories related to people who are injured by cabs: driver has no money, car is owned by one company, taxi medallion owned by another company, and only $20,000 (probably different now) insurance policy is required
you may have agreed to the risk, but the claim would rest with your daughter, for which you likely have a survivor claim wrongful death lawsuit on her behalf, even if we agreed you had signed away your "rights" by buying the product
I'm sure we could come up with a hypo to avoid this issue and I only mentioned this because it reveals a third party innocent who has not agreed to limited liability.
Can agree unrelated third party issues would exists.
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