Identify from the following phrase which means "Let the buyer beware"?
Options:
Caveat emptor
Caveat venditor
Caveat vendor
Consumer emptor
Correct Answer:
Caveat emptor
Explanation:
The correct answer is option 1- Caveat emptor.
A consumer is said to be a king in a free market economy. The earlier approach of caveat emptor, which means “Let the buyer beware”, has now been changed to caveat venditor (“Let the seller beware”).
