caveat emptor

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Related to Let the buyer beware: Cave emptor, Caveat venditor

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 ?
"Let the buyer beware" -- in the current insurance environment -- requires a more thorough approach than simply taking the policy from the company with the lowest cost, for example.
Let the buyer beware? Perhaps it's the realtor who needs to keep a close eye on his client.
"At this point, it's let the buyer beware," Marleau says.
This framework evolved some 40 years ago in an age of consumerism characterized by caveat emptor: let the buyer beware. Today, organizations need to adopt the four C's--customer, cost, convenience, and communication--in framing strategic marketing initiatives to achieve organizational objectives.
In the meantime, caveat emptor -- "let the buyer beware."
Why not just "let the buyer beware," you might ask?
But back in Kemmerer, Wyo., in the early 1900s, when many merchants operated their businesses under the motto "Let the buyer beware," the notion was practically revolutionary.
The lesson is simple: When it comes to reform proposals pitched as "compromises," let the buyer beware.
Knowing if the product will meet one's needs is far more user-friendly than the "caveat emptor" ("let the buyer beware") approach.
"Let the buyer beware" is the rule in most managed care contracts, added Keith Korenchuk, an attorney in Charlotte, N.C.
If SEC Chairman Arthur Levitt's concern about the quality of earnings is taken to heart by investors, they should heed the old advice: Let the buyer beware.
The report says struggling Asian companies represent attractive opportunities, but foreign investors should apply the doctrine of "caveat emptor" -- let the buyer beware -- before proceeding with a purchase.

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