Question

Under the Sale of Goods Act, the principle of "Caveat Emptor" (buyer beware) means:

Q: Answer-Under the Sale of Goods Act, the principle of 'Caveat Emptor' (buyer beware) means:

Caveat emptor is the foundational principle of the Sale of Goods Act that the buyer buys at their own risk regarding quality, fitness, and defects unless 1 An express warrantycondition is given, 2 An implied warranty exists e.g., merchantability, fitness for purpose under Sections 16, 17, or 3 Statutory protections apply. This principle has been modified by consumer protection and quality standards laws.

A The buyer is automatically indemnified against all latent defects in the goods

B The seller is under a legal obligation to disclose every minor flaw in the product

C The buyer assumes the risk regarding the quality and fitness of the goods purchased

D The seller is strictly liable for any defect regardless of whether the buyer inspected the goods

E Goods can only be sold if they carry a comprehensive manufacturer’s warranty

Practice Next

More Other Laws and Acts Questions

What is the time limit for filing an appeal to the Appellate Tribunal?
Section 393(1) provides that every judgment shall contain which of the following elements?
How many members can be nominated to represent the Anglo-Indian Community in the Legislative Assemblies in a State?
Which of the following is the main body of United Nations Organisation?
Read the following statements thoroughly: 1. Attempt to commit an offence under the Act is punishable. 2. Abetment requires the actual completion of the ...
Where the price is not determined by the parties to the contract of sale of goods, what price shall be paid by the buyer:
According to Section 2(j) of the Limitation Act, 1963, which of the following correctly defines "period of limitation"?
Consider the following statements about electronic records: 1. An electronic record must always be retained in the exact original format in which it was g...
What Is the full form of CIN?
A is charged with shooting at B with the intent to kill him. The fact of A’s having previously shot at B may be proved to establish the_______ of A.

Hey! Ask a query

🎓

Think You're Ready for RBI Grade B?

RBI Grade B 2026 Phase 1 Memory Based Paper

200 Questions with Detailed Solutions
Section-wise Coverage (GA, English, Quant & Reasoning)

Download Now 100% Free PDF

Under the Sale of Goods Act, the principle of "Caveat Emptor" (buyer beware) means:

Detailed Solution

More Other Laws and Acts Questions

Hey! Ask a query

Please Register/Login

RBI Grade B 2026 Phase 1 Memory Based Paper