The Latin maxim "Caveat venditor" translates to "Let the seller beware". It is a legal principle in contract and commercial law that places the responsibility on the seller to ensure that the goods or services they provide meet the required standards and are free from defects.
Meaning and Application:
Under the doctrine of caveat venditor, the seller must disclose all relevant information about the product or service being sold. If the buyer suffers a loss due to defects, misrepresentation, or failure to disclose crucial details, the seller can be held liable.
This principle is especially relevant in modern consumer protection laws where sellers, manufacturers, and service providers are expected to uphold transparency, quality assurance, and accountability in business transactions.
Contrast with Caveat Emptor:
The principle is the opposite of "Caveat emptor", which means "Let the buyer beware", where the buyer is responsible for checking the quality and suitability of goods before purchase. However, with the rise of consumer protection frameworks, the emphasis has shifted more towards caveat venditor.
Conclusion:
The correct answer is Let the seller beware, which is the meaning of the Latin legal maxim "Caveat venditor".