What is the meaning of the Latin maxim 'Caveat Emptor'?

Let the buyer be aware.

The correct answer is Option (3) → Let the buyer be aware.

Caveat Emptor is a Latin phrase that translates to "Let the buyer be aware." It is a principle in commercial law that places the onus on the buyer to perform due diligence before making a purchase. The buyer is responsible for ensuring that the product or service they are purchasing meets their needs and is free from defects. This principle emphasizes that once the sale is completed, the seller is not responsible for any defects or issues that the buyer may discover later.