Caveat Emptor. Latin for "let the buyer beware." A doctrine that often places on buyers the burden to reasonably examine property before purchase and take responsibility for its condition. Especially applicable to items that are not covered under a strict warranty.
· Caveat emptor is a Latin phrase that translates to “let the buyer beware.” Caveat emptor is meant to put the burden of due diligence on the buyer in a transaction, and today, it is most commonly used in real estate.
· Literally speaking, caveat emptor means "let the buyer beware." Similar to the phrase "sold as is," this term means the buyer assumes the risk Estimated Reading Time: 4 mins.
· · Caveat Emptor Meaning. Caveat emptor is a Latin phrase that translates to “let the buyer beware” in English. In real estate, it’s similar to the idea of buying a house that’s sold as-is. Caveat emptor means the buyer gets what they get, even if it has major flaws. If unknown problems turn up after the sale, the seller is not responsible Estimated Reading Time: 7 mins.
The Latin phrase ‘Caveat Emptor’ means let the buyer beware. The doctrine of Caveat Emptor under the Sale of Goods Act talks about the onus of the buyer in ascertaining the risks in a contract. However, this does not free the seller completely from any responsibility. Let’s understand in detail the Doctrine of Caveat Emptor and its exceptions.
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