What does Caveat Venditor imply?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Let the seller beware
Option (1) Let the buyer beware — Incorrect. This is the meaning of caveat emptor, the old approach of a seller’s market. The buyer had to be careful.
Option (2) Let the seller beware — Correct. Caveat venditor means “let the seller beware”. The market has moved from a seller’s market to a consumer’s market. Now the seller must take care to serve the consumer properly.
Option (3) Let the producer beware — Incorrect. The Latin word “venditor” means seller, not producer.
Option (4) Let the distributor beware — Incorrect. The phrase does not refer to distributors.
NCERT (2026-27 Edition): “Introduction … Can business afford to ignore the interests of consumers? The market forces have changed from a seller market i.e., the earlier approach of caveat emptor which means Let the buyer beware, to a consumer market i.e., caveat venditor which implies Let the seller beware. …” |