Caveat emptor

Caveat emptor

A common law rule, which is a Latin term meaning, "let the buyer beware". This rule applies to the sale of all goods, especially those relating to real estate. As per this rule, the buyer has the full responsibility to cheque and verify the quality of the goods for sale or the title to the land, in case of real estate.

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Part of Speech: noun
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Industry/Domain: Law
Category: General law
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caveat emptor

Professional careers; Sales

A latin term meaning "let the buyer beware", the term implies that it is the customer's responsibility rather than the seller's to ensure that the goods or services offered for ...

caveat emptor

Economy; Economics

a Latin term meaning 'let the buyer beware'. The term implies that it is the customer's responsibility rather than the seller's to ensure that the goods or services offered for ...

caveat emptor

Law; General law

A common law rule, which is a Latin term meaning, "let the buyer beware". This rule applies to the sale of all goods, especially those relating to real estate. As per this rule, ...

caveat emptor

Real estate; General

Latin meaning "let the buyer beware"; applies to "sales talk" and not to statements of material facts.

caveat emptor

Real estate; General

Literally translated: ''Let the buyer beware.'' A common business tenet whereby the buyer is responsible for verifying any and all claims by the seller of property.

caveat emptor

Business administration; Business management

Latin for ‘let the buyer beware’. It is used to illustrate the widely held legal principle that the onus is on the buyer, rather than the seller, to check that he or she is ...

stamp

Legal services; General law

official mark that indicates genuineness, validity or payment of a duty or charge

Stamp

Legal services; Commerical law; General law; Intellectual property; Patent & trademark

On legal documents

petitioner

Law; General law

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annuity

Law; General law

This is a fixed sum of money paid to a person at fixed times, such as yearly.

prenuptial agreement

Law; General law

It is a contract between two persons about to marry regarding property settlement in the event of divorce.

arbitration

Law; General law

Setting a dispute out of the court by presenting arguments to a person acting as an arbitrator.

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