- 1 Marks
Question
In sale of goods, caveat emptor means
A. Buyer beware
B. No bargaining
C. Direct buyer only
D. Cash on delivery
E. Not negotiable
Answer
A. Buyer beware
Explanation: The correct answer is A, Buyer beware. “Caveat emptor” is a legal principle meaning that the buyer purchases at their own risk. It implies that the buyer must exercise caution and diligence while purchasing goods, as the seller is not responsible for the quality or fitness of the goods unless otherwise stated in the contract.
- Tags: Buyer Beware, Caveat Emptor, Consumer Protection, Sale of Goods Act
- Level: Level 1
- Topic: Sale of Goods
- Series: MAR/JULY 2020
- Uploader: Theophilus