Mark the Best Option: Caveat Emptor Means – - Legal Reasoning

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MCQ

Mark the best option:
Caveat emptor means –

Options

  • Let the seller beware

  • Let the buyer beware

  • Let both parties beware

  • Let both parties be fair

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Solution

Let the buyer beware
Caveat Emptor[ Latin, Let the buyer beware.] A warning that notifies a buyer that the goods he or she is buying are "as is," or subject to all defects. When a sale is subject to this warning the purchaser assumes the risk that the product might be either defective or unsuitable to his or her needs. This rule is not designed to shield sellers who engage in fraud or bad faith dealing by making false or misleading representations about the quality or condition of a particular product. It merely summarizes the concept that a purchaser must examine, judge, and test a product considered for purchase himself or herself.

Concept: Study of Law (Entrance Exams)
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