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Caveat emptor |
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Caveat emptorA legal principle derived from Latin than means "let the buyer beware."Caveat Emptor"Let the buyer beware." Legal maxim stating that the buyer takes the risk regarding quality or condition of the item purchased, unless protected by warranty or there is misrepresentation. Modernly, consumer protection laws have placed more responsibility for disclosure on the seller and broker.Caveat emptorLatin for 'let the buyer beware'. This implies a buyer must ensure that goods about to be purchased are free from defects and that he/she bears the risk.It is particularly relevant in property transactions, where the seller is legally obliged not to mislead the buyer, but other than that the onus is on the buyer to satisfy himself that the property is in the condition he wants.Similar MatchesCaveat emptor, caveat subscriptorCaveat emptor, caveat subscriptorLatin expressions for "buyer beware" and "seller beware," which warn of overly risky, inadequately protected markets. CaveatCaveatA formal notice, that asks a court to suspend action until the party which filed the challenge can be heard. |
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