Caveat emptor

This latin term has its origins in contract law.

The term caveat emptor literally means let the buyer beware. 

This puts the responsibility on the buyer when purchasing goods which have been examined, meaning that the goods he or she is buying are 'as seen', 'as is', or 'subject to all defects'.

The modern trend is for the law to protect consumers, and this trend has reduced the importance of this rule. Despite this the buyer is still advised to make a reasonable inspection of goods upon purchase, even though increased responsibilities have been placed upon the seller.

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