caveat emptor

Definition

The principle that buyers are responsible for checking quality and suitability before purchase, Latin for 'let the buyer beware.' Modern consumer protection laws have eroded this doctrine, though it still haunts 'as-is' sales.

Example Usage

The seller invoked caveat emptor, arguing the buyer should have inspected the property before purchasing it with a cracked foundation.

Origin

Latin meaning 'let the buyer beware'

Fun Fact

Caveat emptor has largely been replaced by implied warranties and consumer protection statutes, though it thrives in used car sales and private transactions.

Source: Common law doctrine and contract law principles

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