Caveat Emptor (Noun)
Meaning
A commercial principle that without a warranty the buyer takes upon himself the risk of quality.
Classification
Nouns denoting communicative processes and contents.
Examples
- When shopping at the flea market, caveat emptor was in full effect, and buyers knew they had to inspect the items carefully before making a purchase.
- The store's return policy clearly stated that all sales were final, operating under the principle of caveat emptor.
- Since the product was second-hand, the seller made it clear to the buyer that they were purchasing it 'as is', implying caveat emptor.
- The consumer protection laws were not applicable to this transaction, and the buyer knew they were essentially agreeing to caveat emptor.
- The antique dealer emphasized that all items were sold without warranty, citing the caveat emptor principle as the guiding policy of their business.