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caveat-emptor
IPA:
Dictionary definition of caveat-emptor
The principle that the buyer is responsible for checking the quality and suitability of a product or service before purchase.
"She was warned to practice caveat emptor when purchasing a used car."
Detailed meaning of caveat-emptor
"Caveat emptor" is a Latin phrase that translates to "let the buyer beware." It is a principle in commerce that the buyer is responsible for checking the quality and suitability of a product or service before purchasing it. The term implies that buyers are responsible for protecting themselves from fraud, defects, or other issues with a product or service, and that the seller has no legal obligation to disclose any information about a product or service beyond what is specified in the contract. This principle is often seen as a fundamental aspect of a free-market economy, where buyers and sellers are free to make their own decisions about the products and services they purchase. The term is often used in the context of real estate, to remind the buyer to thoroughly inspect the property before purchasing it and to be aware of any defects or issues. The term is also used in business, law, and finance to express that the buyer has a responsibility to check the quality of a product or service before purchasing it, and that the seller is not responsible for any issues that might arise after the purchase.
Example sentences containing caveat-emptor
1. The principle of caveat emptor applies to all sales transactions.
2. The store had a sign that read "caveat emptor" to remind customers to inspect their purchases before buying.
3. He advised his clients to exercise caution and follow the principle of caveat emptor when investing.
4. She had to learn the hard way about the principle of caveat emptor when the product she bought turned out to be defective.
5. The lawyer explained to the client the principle of caveat emptor when buying a property.
6. He had to remind the customer that caveat emptor applies when buying a luxury item.
History and etymology of caveat-emptor
The noun 'caveat emptor' is a Latin phrase that has found its way into English legal terminology. 'Caveat' means 'let him beware,' and 'emptor' translates to 'buyer' or 'purchaser.' When combined, 'caveat emptor' represents the principle that the buyer is responsible for checking the quality and suitability of a product or service before making a purchase. This ancient legal concept emphasizes that purchasers should exercise caution and due diligence in transactions, as they are responsible for their choices. The etymology of 'caveat emptor' highlights its historical origins in Roman law and its enduring significance in modern consumer and contractual contexts, underscoring the importance of informed decision-making in commerce.
Further usage examples of caveat-emptor
1. She learned the principle of caveat emptor when she bought a product online and it was not as described.
2. The salesman advised the buyer to practice caveat emptor when buying a high-end item.
3. He had to follow the principle of caveat emptor when buying a business.
4. She had to remind herself to practice caveat emptor when buying a service.
5. The principle of caveat emptor is a reminder for buyers to be responsible for their own purchase decisions.
6. In the world of online shopping, caveat emptor is a critical concept.
7. The salesman emphasized the importance of caveat emptor to the customers.
8. She believed strongly in caveat emptor when buying vintage furniture.
9. The legal document contained a clear caveat emptor clause.
10. When purchasing artwork, it's crucial to practice caveat emptor.
11. The consumer protection agency advised consumers to be aware of caveat emptor.
12. The contract included a caveat emptor provision, holding the buyer accountable.
13. The antique collector was well-versed in the principle of caveat emptor.
14. The auctioneer reminded bidders of caveat emptor before the bidding began.
15. The real estate agent stressed the role of caveat emptor in property transactions.
16. As a seasoned investor, he was familiar with the concept of caveat emptor.
17. When buying a used car, caveat emptor is a guiding principle.
18. The guidebook for collectors outlined the importance of caveat emptor.
19. The fine print of the insurance policy included a caveat emptor clause.
20. The buyer's remorse was a result of ignoring caveat emptor.
21. The financial advisor educated her clients about caveat emptor in investments.
22. The art dealer upheld the principle of caveat emptor in his business.
23. The contract explicitly stated that caveat emptor applied to the transaction.
24. The antique market operates on the basis of caveat emptor.
25. Before making any major purchase, it's wise to remember caveat emptor.
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SAT 19 (Scholastic Assessment Test), Law and Order, Latin Phrases and Expressions
caution,discretion,prudence,skepticism
circumspection,guardedness,mindfulness,scrupulousness,vigilance,wariness,watchfulness
Synonyms for caveat-emptor
Quiz categories containing caveat-emptor
buyer-beware, seller-responsibility, vendor-liability, dealer-accountability
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