Question
Under the Sale of Goods Act, the principle of "Caveat
Emptor" (buyer beware) means:Solution
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 warranty/condition 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.
What does the term "asset reconstruction" refer to?
For how long can the Registrar reserve a name for a limited liability partnership after satisfying the prescribed conditions and payment of the fee?
In the landmark case Shriram Transport Finance Company Limited v. NCLT (2014), the National Company Law Tribunal and subsequently the courts addressed...
Which of the following Fundamental Rights is available to both the citizens and non-citizens?
Which section of the Limited Liability Partnership Act governs the conversion of a partnership firm into a Limited Liability Partnership?
Under Section 13 of the Environment (Protection) Act, 1986, Government Analysts are appointed or recognised by:
What does a "Government company" mean as per the Companies Act?
In case of a decree for execution of a document, draft of document shall be prepared by___.
Which of the following correctly describes the composition of a committee appointed by the appropriate Government under section 8 of the Code on Wages?
Which of the following documents need to be compulsory registered?
