caveat emptor
The principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made; the phrase is Latin and means, ‘let the buyer beware.’
caveat emptor (Let the buyer beware) (Latin) Reference library
The Handbook of International Financial Terms
... emptor (Let the buyer beware) (Latin) . A principle of unregulated markets and dealings between professionals ( cf. bazaar...
caveat emptor Quick reference
A Dictionary of Marketing (4 ed.)
... emptor Latin for ‘let the buyer beware’, from the principle that the buyer alone is responsible if...
caveat emptor Quick reference
A Dictionary of Economics (5 ed.)
...caveat emptor Literally translated from Latin: let the buyer beware. This summarizes the principle that the buyer has to bear the risk of quality of their purchase. Considered as a legal principle, this is inconsistent with much modern legislation and many regulations designed to promote public health and safety by protecting buyers, who cannot reasonably be expected to be experts on all the products they purchase....
caveat emptor Quick reference
A Dictionary of Law Enforcement (2 ed.)
... emptor [Latin: let the buyer beware] A common-law maxim warning a purchaser that he could not claim that his purchases were defective unless he protected himself by obtaining express guarantees from the vendor. The maxim has been modified by statute: under the Sale of Goods Act 1979 (a consolidating statute), contracts for the sale of goods have implied terms requiring the goods to correspond with their description and any sample and, if they are sold in the course of a business, to be of satisfactory quality and fit for any purpose made known to the...
caveat emptor Quick reference
A Dictionary of Law (10 ed.)
... emptor [Latin: let the buyer beware] A common-law maxim warning a purchaser that he could not claim that his purchases were defective unless he protected himself by obtaining express guarantees from the vendor. The maxim has been modified by statute: under the Sale of Goods Act 1979 (a consolidating statute), contracts for the sale of goods have implied terms requiring the goods to correspond with their description and any sample and, if they are sold in the course of a business, to be of satisfactory quality and fit for any purpose made known to the...
caveat emptor Quick reference
A Dictionary of Business and Management (6 ed.)
... emptor (Latin: let the buyer beware) A maxim implying that the purchaser of goods must take care to ensure that they are free from defects of quality, fitness, or title, i.e. that the risk is borne by the purchaser and not by the seller. If the goods turn out to be defective, the purchaser has no remedy against the seller. The rule does not apply if the purchaser is unable to examine the goods, if the defects are not evident from a reasonable examination, or if the seller has behaved fraudulently. Some measure of protection for the unwary purchaser is...
caveat emptor Reference library
The New Oxford Companion to Law
... emptor The principle of caveat emptor (or buyer beware) underpins UK financial market regulation and regulation internationally. Financial market regulation generally seeks to ensure that an investor is provided with sufficient information to make an informed investment choice. It does not intervene paternalistically in that choice or attempt to direct investment decisions. Regulation rarely prevents an individual investor from making a particular decision, such as buying a risky, unregulated product; although it may prevent an investment from being...
caveat emptor Quick reference
New Oxford Rhyming Dictionary (2 ed.)
... emptor • cantor • lector • caveat emptor • centaur , mentor, stentor • Wichita • Choctaw • coldstore • Utah • drugstore • megastore • Minotaur • ...
caveat emptor Quick reference
The Oxford Dictionary of Phrase and Fable (2 ed.)
... emptor the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made; the phrase is Latin and means, ‘let the buyer...
caveat emptor interjection Reference library
The Oxford Essential Dictionary of Foreign Terms in English
... emptor interjection E16 Latin . (A maxim:) let the buyer beware! A robust antique principle that the purchaser, rather than the seller, is responsible for making sure that the quality of the goods purchased is satisfactory. Frequently invoked in the context of horse-dealing—the earliest recorded use in English is in J. Fitzherbert 's A newe tracte … for all husbande men ( 1523 )—it fails to find much favor under modern consumer protection...
caveat emptor
Italics Reference library
Garner’s Modern English Usage (4 ed.)
...hospitable to foreign-looking words. That is, they become naturalized easily. And when that happens, the terms are written in ordinary roman type. ( See garner's law .) The words in the following list are italicized here only because they’re being referred to as words—e.g.: caveat emptor (L.), décolletage (Fr.), gestalt (Ger.), glasnost (Russ.). A good dictionary usually provides guidance on which words should be italicized. For more on foreignisms, see gallicisms & latinisms...
