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The term “caveat emptor” implies that

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Commerce JAMB 2024

The term “caveat emptor” implies that

  • goods have been transferred to the buyer
  • let the buyer beware checkmark
  • let the seller beware
  • goods are still with the seller

The correct answer is: B

Explanation

"Caveat emptor" is a Latin phrase that translates to "let the buyer beware" in English. It represents the principle that places the responsibility on the buyer to carefully examine and assess the quality, condition, and suitability of a product or service before making a purchase. It suggests that the buyer should be cautious and aware of any potential risks or defects associated with the product, as the seller may not be obligated to disclose all relevant information.

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