New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which legal maxim means let the buyer

    beware?
    A Caveat Correct Answer Incorrect Answer
    B Caveat actor Correct Answer Incorrect Answer
    C Caveat emptor Correct Answer Incorrect Answer
    D Caveat venditor Correct Answer Incorrect Answer

    Solution

    The rule of caveat emptor means “let the buyer beware. It is based on the principle that when a buyer is satisfied as to the product’s suitability, then he is left with no subsequent right to reject such product. The principle of Caveat emptor is explained in Section 16 of the Sale of Goods Act. In other words, it means, the responsibility lies on the buyer of goods and so he must perform due diligence before the purchase of the goods.

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