Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Legal Maxims

Question:

The maxim “Caveat Emptor” means_________.

Options:

Let the buyer be aware

Let the seller be aware

Consumer is king

Buyer is king

Correct Answer:

Let the buyer be aware

Explanation:

Caveat Emptor: It is a Latin phrase that is translated as “let the buyer beware.” It means that an individual buys at their own risk.

Caveat emptor is a commercial and contractual law principle that transfers the liability of quality assurance from the seller to the buyer. It requires the consumer to conduct due diligence of the product before purchasing it and assume the risk of potential problems or defects. Its opposite is caveat venditor, which means “let the seller beware.”