Question
What does the principle of Caveat Emptor imply in the
context of a contract of sale according to Section 16 of the Sale of Goods Act?Solution
Sales of Goods Act: Section 16 Implied condition as to quality or fitness- Caveat Emptor means “Let the buyer beware”- In a contract of sale of goods the seller is under no duty to reveal unflattering truths about the goods sold. Therefore, when a person buys some goods, he must examine them thoroughly.
Which of the following countries will be hosting the G- 20 Summit for the year 2023?
Where is the 31st Singapore India Maritime Bilateral Exercise (SIMBEX) 2024 being held?
The Himalayan Gazetteer by E.T. Atkinson was first published in which year?
On the banks of which river is the Chennakeshava Temple, commissioned by King Vishnuvardhana, located?
Russell Trophy is related to which game?
Which of the following is NOT a pillar of Mission Karmayogi?
How many digits does the IFSC code contain?
What is the main purpose of the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
Which of the following ocean does not Possess the phenomenon like tides, waves etc.?
Which of the following statements are true regarding the principle of Opportunity Cost?
1. Opportunity cost refers to the cost of the next best a...