Answer-The 'Caveat Emptor' rule means:

It implies that the buyer must exercise caution and check the quality of goods before purchasing the seller is not liable for defects that the buyer could have discovered.

Question

The "Caveat Emptor" rule means:

A Let the seller beware.

B Let the buyer beware.

C The contract is void.

D Goods must be of merchantable quality.

E Silence is fraud.

Practice Next

More Commerical Law Questions

Company A agrees to sell 1,000 laptops to Company B, but the contract lacks the specification of model and delivery timeline. Later, B refuses to accept de...
"SARFAESI Act, 2002" is primarily used by banks for:
In a "Pledge," the person who delivers the goods as security is called:
Which of the following is an exception to the doctrine of privity of contract rule _______________?
Minimum number of directors required in a public company is:
The registered office clause of memorandum of association contains
A Private Company may not issue securities
ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth ₹25 lakhs. After execution of the contract, Mr. Rao became insolvent and h...
What is the minimum number of members required to form a public company?
A "Contract of Indemnity" is defined under which section of the Indian Contract Act, 1872?

Hey! Ask a query

The "Caveat Emptor" rule means:

Detailed Solution

More Commerical Law Questions

Hey! Ask a query

Please Register/Login