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To subscribe, E-mail the words . . The corporate world is watching closely the trial of Union Carbide in Bhopal, India, because it is the first major test of an American company's liability for accidents at a third-world plant. Union Carbide of Danbury, CT, had sought to face trial in India, not in the U.S., for events surrounding the leak of deadly gas from its pesticide plant in Bhopal Dec. 2, 1984. Now company officials may have doubts about the wisdom of that decision, but there's no turning back. The United States Supreme Court in October refused to overturn a New York federal appeals court decision placing the trial in Indian courts, so trial preliminaries are proceeding in Bhopal.