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Many online merchants take advantage of secondary markets where they can acquire overstock, returned, or refurbished inventory to sell on marketplaces like eBay and Amazon. But the recent hoverboard scare raises important issues about product safety and seller liability.
As we reported on Monday, Amazon has restricted the sale of hoverboards, while Overstock has banned them outright on its marketplace.
Today’s consumer purchases happen more rapidly than ever, making returns an unavoidable aspect of the shopping experience. Every year, billions of dollars worth of returned goods make their way back to retailers, often resulting in excess inventory. Many of these…