The maxim “Caveat Emptor” means_________. |
Let the buyer be aware Let the seller be aware Consumer is king Buyer is king |
Let the buyer be aware |
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.”
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