What Does “Caveat Emptor” Mean?
“Caveat emptor” is a Latin phrase that means “let the buyer beware.” It is a principle in commerce that the buyer is responsible for checking the quality and suitability of goods before purchasing them, and that the seller is under no obligation to disclose defects or problems with the goods. In other words, it is the buyer’s responsibility to make sure they are getting what they are paying for and not to rely on the seller for any warranties or guarantees. This principle is typically applied in cases of second-hand goods or real estate purchases, but it can also apply to new goods as well.
Answer generated by AI @ ChatGPT
* This post was generated by Artificial Intelligence. You should not rely on the accuracy of this post as AI is subjective and machines make mistakes. This post has not been checked for accuracy.