Search results
Mar 8, 2024 · Caveat emptor is a Latin phrase that means "let the buyer beware." The principle of caveat emptor is sometimes used in legal contracts as a type of disclaimer. A caveat emptor...
- Julia Kagan
- 1 min
Caveat emptor is a Latin phrase that is translated as “let the buyer beware.” The phrase describes the concept in contract law that places the burden of due diligence on the buyer of a good or service.
The phrase caveat emptor and its use as a disclaimer of warranties arises from the fact that buyers typically have less information than the seller about the good or service they are purchasing. This quality of the situation is known as ' information asymmetry '.
Jan 18, 2016 · This Latin term, caveat emptor, means “let the buyer beware,” and is commonly used in reference to purchasing real property, or used items that do not come with a warranty.
Apr 4, 2024 · What is a caveat emptor? Caveat emptor is a commercial and contractual law principle that transfers the liability of quality assurance from the seller to the buyer. Under this, the consumer must ensure that their potential purchase is free from any defects and meets their expectations.
May 16, 2023 · What is the caveat emptor? The legal principle of “caveat emptor,” or “buyer beware,” means that if you were responsible for examining the property for defects before purchasing it, the Court would not intervene to save you from a bad deal.
The meaning of CAVEAT EMPTOR is a principle in commerce: without a warranty the buyer takes the risk. How to use caveat emptor in a sentence. Did you know?
