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caveat emptor |
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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 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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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