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caveat emptor |
Also found in: Legal, Acronyms, Wikipedia, Hutchinson | 0.07 sec. |
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caveat emptor Means “buyer beware.” The legal doctrine followed in some states that sellers of real property are not required to disclose any defects except those inherently dangerous and not easily discoverable by the purchaser.Contrast with seller disclosure states that affirmatively mandate written disclosure of a wide variety of named deficiencies,plus anything else that might be deemed a property defect. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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Most people are familiar with the Latin phrase, Caveat emptor, "Let the buyer beware. A board seeking to select a management company would be wise to remember the advisement of caveat emptor--let the buyer beware. In the real world of bond dealers, it should never be buyer beware. |
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