Definitions for caveat emptor
ˈɛmp tɔrcaveat emp·tor

Princeton's WordNetRate this definition:0.0 / 0 votes

1. caveat emptornoun

   a commercial principle that without a warranty the buyer takes upon himself the risk of quality

WikipediaRate this definition:0.0 / 0 votes

1. Caveat emptor

   Caveat emptor (; from caveat, "may he/she beware", a subjunctive form of cavēre, "to beware" + ēmptor, "buyer") is Latin for "Let the buyer beware". It has become a proverb in English. Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase caveat emptor and its use as a disclaimer of warranties arises from the fact that buyers typically have less information than the seller about the good or service they are purchasing. This quality of the situation is known as 'information asymmetry'. Defects in the good or service may be hidden from the buyer, and only known to the seller. It is a short form of Caveat emptor, quia ignorare non debuit quod jus alienum emit ("Let a purchaser beware, for he ought not to be ignorant of the nature of the property which he is buying from another party.") I.e. the buyer should assure himself that the product is good and that the seller had the right to sell it, as opposed to receiving stolen property. A common way that information asymmetry between seller and buyer has been addressed is through a legally binding warranty, such as a guarantee of satisfaction.

ChatGPTRate this definition:0.0 / 0 votes

1. caveat emptor

   Caveat emptor is a Latin term that translates to "let the buyer beware." It is a principle in commerce that places the responsibility of due diligence on the buyer, suggesting that the buyer is responsible for verifying the quality, suitability, and condition of a product or service before making a purchase. If the buyer fails to do so, then they cannot seek compensation if the product or service doesn't meet their expectations or is faulty. The principle often applies in situations where no warranty is given.

WikidataRate this definition:0.0 / 0 votes

1. Caveat emptor

   Caveat emptor is Latin for "Let the buyer beware". Generally, caveat emptor is the property law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods.

Matched Categories

1. • Principle

How to pronounce caveat emptor?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say caveat emptor in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of caveat emptor in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of caveat emptor in Pythagorean Numerology is: 4

Examples of caveat emptor in a Sentence

1. Joshua Barrett:

   When you look out your front door and you see three bars and a sign that says ‘ Live Bait ’ and you look at your neighbors houses an they’re just not the same quality of home that you’re buying or you’re renovating I think caveat emptor ; I think it’s buyer beware, i ’m a little disappointed in that. I think it’s not fair.

2. Christopher Ross:

   I don't want to pour cold water on what might be a valid new source of funding, but from the investor's point of view I would say a very strong caveat emptor (buyer beware).

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=caveat emptor
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Caveat_Emptor
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=caveat emptor