[amp_mcq option1=”buyer should make payment well in time” option2=”buyer should be beware of all aspects of buying” option3=”buyer will be responsible for the whole payment” option4=”buyer will not be responsible at any cost” correct=”option2″]<\/p>\n
The correct answer is: B. buyer should be beware of all aspects of buying.<\/p>\n
The doctrine of caveat emptor, which means “let the buyer beware,” is a legal principle that places the responsibility on the buyer to ensure that the product they are purchasing is fit for purpose and free from defects. This means that the buyer should inspect the product carefully before purchase and should not rely on the seller’s representations about the product.<\/p>\n
Option A is incorrect because the doctrine of caveat emptor does not require the buyer to make payment well in time. The buyer is only responsible for making payment if they are satisfied with the product.<\/p>\n
Option C is incorrect because the doctrine of caveat emptor does not require the buyer to be responsible for the whole payment. The buyer is only responsible for paying for the product if they are satisfied with it.<\/p>\n
Option D is incorrect because the doctrine of caveat emptor does not mean that the buyer will not be responsible at any cost. The buyer is still responsible for any damage that they cause to the product.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”buyer should make payment well in time” option2=”buyer should be beware of all aspects of buying” option3=”buyer will be responsible for the whole payment” option4=”buyer will not be responsible at any cost” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-56821","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n