caveat emptor


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Related to caveat emptor: Caveat lector

Caveat Emptor

Latin for "let the buyer beware." It is used in many transactions to indicate that all sales are final and all due diligence is the sole responsibility of the buyer. The phrase is especially common in real estate.

caveat emptor

‘let the buyer beware’: a situation where a supplier of a good or service is under no legal obligation to inform buyers of any defects or deficiencies in the products supplied. It is thus the responsibility of buyers to determine for themselves whether or not the product is satisfactory. Compare CAVEAT VENDOR.

caveat emptor

a Latin phrase meaning ‘let the buyer beware’. Put simply, this means that the supplier has no legal obligation to inform buyers about any defects in his goods or services. The onus is on the buyer to determine for himself or herself that the good or service is satisfactory. Compare CAVEAT VENDOR.

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.

References in periodicals archive ?
Table 1 Types of Slave Transfers and Likelihood of Family Breakup Likelihood of Slave Family Type of Transfer Breakup Local sale Low Trade Low Barter Low Hire out None Plantation migration Low Estate sale (public auction) High Bankruptcy sale (public auction) High Tax delinquency (public auction) High Slave trader High Commercial auction (with warranty) Low Commercial auction (caveat emptor) High * * Slaves sold caveat emptor had a high probability of having already come from a broken family.
Accordingly, given the circumstances of the case the doctrine of caveat emptor applied.
Caveat emptor go hence and never again mislead unwary buyers by standing silent in front of latent defects (and perhaps dogs that bite).
Caveat emptor or 'let the buyer beware' philosophy exists among management when the producer's or company's interests are prioritized over those of the consumer.
Librarians contemplating purchase should heed the adage caveat emptor.
The free market was based on caveat emptor and the shareholders were supposed to inform themselves--without any right to information--the honesty and integrity of the promoters and directors.
notes that travel is 'to a large extent unregulated, unlicensed and operates under the principal of caveat emptor.
OTC Pink: YTRV), Yaterra Ventures Corp is pleased to announce today that the OTC Markets has removed the Caveat Emptor warning from the OTC Markets website that had been previously associated with the company's ticker symbol.
Paul Rice, managing director of Belvoir in Cheapside, Liverpool, says: "Because investment in buy-to-let is unregulated in the UK, the Latin phrase caveat emptor - let the buyer beware - is a very clear warning to anyone wanting to explore the current wave of popularity in BTL investment.
Ante-post markets are all in run or not and, while it may be unfortunate to back, say favourite, Shaneboy Luke and, be on a nonrunner, simply because road conditions prevented him getting to the track, this is a classic case of caveat emptor.
Caveat emptor stands for the proposition that a purchaser takes a property, with all defects of quality and condition, as he or she finds it.
At this time of year when you hear that a prospect's stock is rising or falling, that Team X brought in Player Y for a visit, or that Reggie Bush isn't at the top of the Texans' draft board, well, caveat emptor.