The term caveat emptor is taken from Roman law and means in Latin, "let the buyer beware". In the absence of a stated guarantee or warranty from the seller, a buyer takes what he buys, "as is", and without any guarantee or warranty as to its authenticity, age, condition, freedom from defect or the like. The buyer has the responsibility for inspecting, authenticating, testing or otherwise verifying that the item is what he thinks it is. The modern law of sales implies warranties of fitness for an item's intended purpose. If the seller wishes to deal without warranty or guarantee, the seller must disclaim or limit the existence of a warranty. Formal terms are not necessary. Whether a warranty is given or not would depend upon a reasonable buyer's interpretation of what is said. Warranties involve statements of fact. ("This car has never been repainted"). A statement expressed as the seller's opinion ("I don't think this car has been repainted" is not a warranty or guaranty unless seller purports to be an expert. Enthusiastic salesmanship ("..the best paint finish you will find on any car lot..." does not create a warranty. Ultimately each case stands on its own set of facts and many variations of these basic ideas may be found. Many lawsuits involve disputed issues what was said by whom, and in such cases the jury decides. Where the caveat emptor rule has been modified by statute, the terms of the statute must be followed closely by the party seeking the protection of the statute.
CAVEAT EMPTOR, or buyer beware, can carry a seller just so far. It may work when a private owner sells an old junker "AS IS". However, in other instances a savvy consumer can use several legal principles to counter the doctrine of caveat emptor:
Caveat emptor is Latin for "Let the buyer beware." It means that in a contract matter where one person is buying something from another person, the buyer has the responsibility to make sure what he is buying is in good shape. Once he takes delivery and the money changes hands, the buyer can't complain that the item purchased is not good, unless there has been some fraud or deception by the seller. This is why when buying houses, a buyer, does a title search, a survey a home inspection and things like that. The buyer has to be sure there are no problems with what he is buying.
If you mean caveat, it is a warning about the nature of an agreement.A common usage, caveat emptor ('buyer beware'), warns that in making a purchase, the buyer must look out for his own interests.So for example, in buying a used car which is being sold 'as is' (without warranty), it is up to the buyer to examine it to determine whether there are defects affecting the purchase price or desirability of the car in question.
The advantages of the doctrine will not be known without also knowing what the doctrine is. The information should be included about what the doctrine is.
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The doctrine of estate would tell us for how long a person is entitled to hold a land.It would depend on the estate he has.
Caveat Emptor EP was created in 2005.
"Caveat emptor" is a sentence in Latin. You could incorporate it into an English sentence, as: This item may not be worth the price; so, as always, caveat emptor.
Here at Honest Ed's the prices are low, however, caveat emptor.
Caveat Emptor - album - was created on 1998-03-24.
Caveat emptor - let the buyer beware
why caveat emptor principal is not fully valid in the present scenario
Caveat emptor - let the buyer beware
Caveat emptor means "Let the buyer beware" in Latin.
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Caveat Emptor
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"Let the buyer beware"