Step 1: Understanding Caveat Venditor.
The term Caveat Venditor is a Latin phrase meaning "let the seller beware." It places the responsibility on the seller to ensure that the goods they are selling are of the proper quality, free from defects, and accurately represented.
Step 2: Distinguishing between Caveat Venditor and Caveat Emptor.
Unlike Caveat Emptor ("let the buyer beware"), which shifts the responsibility to the buyer, Caveat Venditor shifts the responsibility to the seller to guarantee that products meet the agreed-upon standards.
Step 3: Conclusion.
As per the Caveat Venditor principle, the seller is responsible for ensuring that the products they sell are of satisfactory quality and conform to the agreed terms.