buyer beware definition
buyer beware argument in this story means that consumers would have to spend much more time reviewing contracts and that firms would devote more resources to deceiving customers. That is hardly an economically optimal outcome.
buyer beware. . This means that it is your responsibility to make sure the car is safe and in good condition before you buy it. However if they do, get them to write it down. If something happens to the car it may be possible to cancel the contract or seek damages.