MANAGEMENT

Detailed explanation-1: -Latin maxim, meaning “let the buyer beware”. It refers to the idea that the onus is on the purchaser to check the quality of the goods or property which are the subject of a sale transaction, not on the seller to volunteer information. On its own, the word “caveat” refers to a warning or exception.

Detailed explanation-2: -Created by FindLaw’s team of legal writers and editors | Last updated June 20, 2016. Caveat emptor is a Latin term that means “let the buyer beware.” Similar to the phrase “sold as is, ” this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.

Detailed explanation-3: -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.

Detailed explanation-4: -Caveat venditor is a Latin term meaning “let the seller beware, ” in contrast to the more widely known saying caveat emptor (let the buyer beware). The principle of caveat venditor cautions that the seller is responsible for any problem that the buyer might encounter with a service or product.