BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The Latin phrase ‘Caveat Emptor’ means let the buyer beware. The doctrine of Caveat Emptor under the Sale of Goods Act talks about the onus of the buyer in ascertaining the risks in a contract. However, this does not free the seller completely from any responsibility.

Detailed explanation-2: -caveat emptor, (Latin: “let the buyer beware”), in the law of commercial transactions, principle that the buyer purchases at his own risk in the absence of an express warranty in the contract.

Detailed explanation-3: -a Latin term meaning ‘let the buyer beware’. The term implies that it is the customer’s responsibility rather than the seller’s to ensure that the goods or services offered for sale are able to deliver the desired satisfactions.

Detailed explanation-4: -Caveat emptor is a Latin term means ‘let the buyer beware’. It is used as a disclaimer of warranties which means that during the process of a sale, the buyer shall be fully aware and satisfied about his purchase and shall be solely responsible for his purchase. Hence the correct answer is A. Was this answer helpful?

Detailed explanation-5: -Caveat emptor is a Latin phrase that translates to “let the buyer beware” in English. In real estate, it’s similar to the idea of buying a house that’s sold as-is. Caveat emptor means the buyer gets what they get, even if it has major flaws.