Caveat emptor definition

Caveat emptor means “let the buyer beware”, i.e. in sale of goods the seller is under no duty to reveal unflattering truths about the goods sold. Therefore, when a person buys some goods, he must examine them thoroughly. If the goods turn out to be defective or do not suit his purpose, or if he depends upon his skill and judgment and makes a bad selection, he cannot blame anybody excepting himself.
Sample 1Sample 2Sample 3
Caveat emptor means ‘Let the buyer beware’.
Sample 1
Caveat emptor is a Latin term that means "let the buyer beware."
Sample 1Sample 2

Examples of Caveat emptor in a sentence

  • McCann, U.D. and G.A. Ricaurte, Caveat emptor: editors beware.Neuropsychopharmacology, 2001.

  • The University worked with the Division of Bond Finance to structure the first competitive bank bid process for a bondrefunding.

  • Caveat emptor is a defense to fraud claims in failure to disclose cases.

  • Caveat emptor, the purchaser is responsible for ensuring that the goods they are purchasing are the goods that they expect to receive.

  • Duty to take care and liability for negligence: Manufacturers and traders and providers of services such as lawyers, doctors and other professional 16.2 Caveat emptor and caveat venditor 16.3 Deceit and false advertisement 16.4 Liability for hazardous and inherently dangerous industrial activity 16.5 Product liability-EEC directives 16.6 Right to common property resources-right to pass and repass on pathways.


More Definitions of Caveat emptor

Caveat emptor is a Latin phrase that means the consumer is always right. (False – This saying means “buyer beware” and is meant to serve as a warning to consumers to make careful purchasing decisions.)
Sample 1Sample 2
Caveat emptor means “let the buyer beware”, i.e. In sale of goods the seller is under no duty to reveal unflattering truths about the goods sold. Therefore, when a person buyers some goods, he must examine tem thoroughly. If the goods turn out to be defective or do not suit his purpose, or it he depends upon his skill and judgment and makes a bad selection, he cannot blame anybody exempting himself. The rule is enunciated in the opening works of section 16 of the sale of goods act, 1930 which runs thus, “Subject to the provisions of this Act and of any other law for the time being in foresee, there is no implied warranty or condition as to the quality or fitness for any particular purpose of goods supplied under a contract of sale.
Sample 1Sample 2
Caveat emptor means consumers control the success of a business. (False – This is a Latin phrase which means “Let the buyer beware.” It is meant to serve as a warning to consum- ers to make careful purchasing decisions.)
Sample 1
Caveat emptor is a Latin expression which means “let the buyer beware”.
Sample 1
Caveat emptor as found in Sec 16 of the Sale of Goods Act, means that the—
Sample 1
Caveat emptor is a Latin phrase that means “ Let the purchaser beware.” According to Webster’s New International Dictionary it is “ a maxim implying a rule o i English and American law that the purchaser buys at his own risk, except as to express warranties or those implied by law.”
Sample 1
Caveat emptor which means buyers take the responsibility for the quality of goods they are buying. However the Scottish Executive, (2003) state that:
Sample 1