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caveat emptor |
Also found in: Legal, Financial, Acronyms, Wikipedia | 0.04 sec. |
caveat emptorDictum that professes the buyer is responsible for checking that the goods or services they purchase are satisfactory. The implication of caveat emptor is that the contract underlying the sale is at the purchaser's risk. Purchasers must satisfy themselves that the goods are complete, are in order, and that the vendor has title to them. Legislation in the UK, including the Sale of Goods Act 1979, the Sale and Supply of Goods Act 1994, and the Unfair Contract Terms Act 1977, does afford some degree of protection to the purchaser in certain cases. 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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Buyer beware
