caveat emptor


caveat emptor
/kav"ee aht' emp"tawr, -at', kah"vee-, kay-/; Lat. /kah"we aht' emp"tohrdd/.
let the buyer beware: the principle that the seller of a product cannot be held responsible for its quality unless it is guaranteed in a warranty.
[1515-25; < L]

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law
      (Latin: “let the buyer beware”), in the law of commercial transactions, principle that the buyer purchases at his own risk in the absence of an express warranty in the contract.

      As a maxim of the early common law, the rule was well suited to buying and selling carried on in the open marketplace or among close neighbours. The increasing complexity of modern commerce has placed the buyer at a disadvantage. He is forced to rely more and more upon the skill, judgment, and honesty of the seller and manufacturer.

      The modern law of commercial transactions recognizes this and protects the buyer by implying various exceptions to the principle of caveat emptor. Thus, in the case of a sale by sample, the law implies a condition in the contract that the bulk of the merchandise will correspond with the sample in quality and that the buyer will have a reasonable opportunity to examine the bulk of the merchandise. Likewise, when the buyer has made known to the seller the particular purpose for which the goods are required, the law implies a condition in the ensuing contract that the merchandise is of merchantable (average) quality and reasonably fit for the intended purpose.

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Universalium. 2010.

Look at other dictionaries:

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  • Caveat Emptor — est une expression latine signifiant « que l acheteur soit vigilant ». Dans certaines juridictions, l acheteur n avait aucune garantie sur la qualité des produits. Aujourd hui, les lois de plusieurs pays exigent que le produit respecte… …   Wikipédia en Français

  • Caveat emptor — Caveat Ca ve*at, n. [L. caved let him beware, pres. subj. of cavere to be on one s guard to, beware.] [1913 Webster] 1. (Law) A notice given by an interested party to some officer not to do a certain act until the party is heard in opposition; as …   The Collaborative International Dictionary of English

  • Caveat emptor — est une expression latine signifiant « que l acheteur soit vigilant ». Dans certaines juridictions, l acheteur n avait aucune garantie sur la qualité des produits. Aujourd hui, les lois de plusieurs pays exigent que le produit respecte… …   Wikipédia en Français

  • caveat emptor — Latin, lit. let the buyer beware; see CAVEAT (Cf. caveat) and EXEMPT (Cf. exempt) (adj.) …   Etymology dictionary

  • Caveat emptor — ist lateinisch für ‚Der Käufer muss Acht geben‘, auch ‚Der Käufer möge sich hüten‘. Vor der gesetzlichen Verankerung der Gewährleistung im modernen Zivilrecht hatte ein Käufer gewöhnlich keinerlei Garantie für die Qualität der Ware, wenn er nicht …   Deutsch Wikipedia

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