Question

Caveat emptor means

• A. Purchaser beware
• B. Seller beware
• C. Things outside commerce
• D. A warning letter

Hint:

While Caveat Emptor is the traditional rule, modern consumer protection laws have shifted the balance more towards Caveat Venditor (seller beware), imposing greater responsibility on the seller for the quality of goods.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
The question asks for the meaning of the Latin legal maxim 'Caveat Emptor'. This is a fundamental principle in the law of sale of goods.
Step 2: Detailed Explanation:
- Caveat means "let him beware".
- Emptor means "the buyer".
Therefore, Caveat Emptor translates to "Let the buyer beware".
This principle implies that the buyer is responsible for checking the quality, fitness, and suitability of the goods before making a purchase. If the buyer makes a bad choice, they generally cannot hold the seller responsible, unless there is a warranty or the seller has engaged in fraud. This principle is codified in Section 16 of the Sale of Goods Act, 1930, although it is subject to many exceptions (like implied conditions as to quality or fitness).
The opposite principle is \textit{Caveat Venditor}, which means "Let the seller beware" (Option B).
Step 3: Final Answer:
The direct translation and legal meaning of Caveat Emptor is "Purchaser beware" or "Let the buyer beware". Therefore, option (A) is correct.