The doctrine of 'CAVEAT EMPTOR' under the Sale of Goods Act, 1930 means:

Caveat emptor, or 'let the buyer beware', captures the rule that normally there is no implied warranty or condition on the quality or fitness of goods, and the buyer buys at his own risk. Section 16 of the Sale of Goods Act engrafts important statutory exceptions: fitness for a purpose made known to the seller, merchantable quality on sale by description, and sales by sample. The doctrine applies only in the absence of express or implied warranties, fraud, and misrepresentation. The exceptions have substantially eaten into the original austerity of the rule.