The conventional means of obtaining uncertainty of $c$ where $c = a \cdot b$ is adding percentage uncertainty of $a$ and $b$. This method seems to have a flaw as shown below (please excuse me if I am yet to get to the correction in my studies).
You have a square and a very bad ruler and want to find the area of the square. You find that the dimensions of the square are $L = 4\;\mathrm{cm} \pm 2\;\mathrm{cm}$ and $W = 4\;\mathrm{cm} \pm 2\;\mathrm{cm}$. The percentage uncertainty for each of these measurements is $50\%$, you add the two $50\%$ uncertainties to get $100\%$ percentage uncertainty. $$ A = 16\;\mathrm{cm}^2 \pm 16\;\mathrm{cm}^2 $$ I was wondering if there was a method of correction to avoid problems like these arising.