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date: 08 August 2022

caveat emptor (Latin: let the buyer beware) 

A Dictionary of Business and Management

Jonathan Law

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 afforded by a number of statutes, including the Unfair Contract Terms Act ... ...

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