A warning that notifies a buyer that the goods he or she is buying are "as is," or subject to all defects. The doctrine of Caveat Emptor is an integral part of the Sale of Goods Act. This provision corresponds to Section 14 of the English Act of 1893. Caveat emptor is a Latin phrase that means "let the buyer beware." The answers lie in the Doctrine of Caveat Emptor. This means it lays the responsibility of their choice on the buyer themselves. Which of the following statements about this doctrine and its application is false? Caveat emptor (/ ˈ ɛ m p t ɔːr /; from caveat, "may he beware", a subjunctive form of cavēre, "to beware" + ēmptor, "buyer") is Latin for "Let the buyer beware". make consumers feel better about themselves; The phrase Caveat Emptor means “let the buyer beware.” The doctrine of caveat emptor is enshrined in Section 16 of the Sale of Goods Act, 1930. “The buyer must inspect the goods to find out if they will suit his purpose” this concept is also known as. Caveat Emptor. Antonyms for caveat emptor include caveat venditor, assurance of quality, consumer protection, implied warranty of fitness, warranty, covenant, guarantee, contract, promise and assurance. Caveat Emptor [Latin, Let the buyer beware.] In expression ‘Caveat Emptor’ usually finds a place in laws related to business. Find more opposite words at wordhippo.com! Misrepresentation. Meaning of Caveat Emptor-A commercial transaction involves two parties i.e. 7. Caveat emptor is a Latin term that means "let the buyer beware. Let us learn more about it along with its exceptions. The Doctrine of Caveat Emptor. It translates to “let the buyer beware”. 7. The Doctrine of Caveat Emptor will not apply if the buyer did not have a chance to verify the bulk with the sample, of if there is any hidden damaged product. a. "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. Where the seller has made a false representation relating to the goods and the buyer has relied upon it, the doctrine of Caveat Emptor … Significance: Because of the unusual subject matter of the case, Stambovsky v. Ackley is often taught in law schools in either property or contracts class. Children are discerning viewers of television advertising. Caveat emptor is Latin for “let the buyer beware.” Generally, caveat emptor is the property law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. In this arms-length transaction, the buyer has the responsibility to understand the quality of his bargain under the notion of caveat emptor. 6. Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. It has become a proverb in English. Unfair Trade Practices b. Caveat Emptor c. Buyer duty d. Buyer Kingdom (Ans: b) 27. 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