It is an integral part of Sales of Goods Act. It means ‘let the buyer beware’. The term expressed below has Latin origins. What is the exact term for that?

Res ipsa loquitur
Res ipsa emptor
Caveat emptor
Caveat loquitur

The correct answer is C. Caveat emptor.

Caveat emptor is a Latin phrase that means “let the buyer beware.” It is a principle in law that places the responsibility on the buyer to ensure that the goods they are purchasing are fit for purpose and free from defects.

The Sales of Goods Act is a law that governs the sale of goods in the United Kingdom. It sets out the rights and responsibilities of both buyers and sellers. One of the key principles of the Sales of Goods Act is caveat emptor. This means that the buyer is responsible for checking the goods they are purchasing to ensure that they are fit for purpose and free from defects.

If the buyer does not check the goods and they are later found to be defective, the buyer may not be able to return them or claim compensation from the seller. This is because the buyer has taken on the risk of the goods being defective by not checking them before purchase.

Caveat emptor is a controversial principle. Some people argue that it is unfair to place the responsibility on the buyer to check the goods they are purchasing. They argue that the seller should be responsible for ensuring that the goods are fit for purpose and free from defects.

Others argue that caveat emptor is a fair principle. They argue that it is the buyer’s responsibility to check the goods they are purchasing and that they should not expect the seller to be responsible for their safety.

The principle of caveat emptor is still used in some areas of law, but it is becoming less common. This is because there is a growing recognition that it is unfair to place the responsibility on the buyer to check the goods they are purchasing.

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