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Caveat Emptor Latin for "let the buyer beware."

Near the beginning of the majority opinion (three out of five justices) appears its most well-known conclusion: "having reported [the ghosts'] presence in both a national publication... and the local press... defendant is estopped to deny their existence and, as a matter of law, the house is haunted." Caveat emptor, (Latin: “let the buyer beware”), in the law of commercial transactions, principle that the buyer purchases at his own risk in the absence of an express warranty in the contract.

When the Vissers appealed the decision, however, the appellate court overturned the trial court’s decision. The contract would be “undone,” Naomi would be ordered to return the SUV to Bob, and Bob would be ordered to return Naomi’s money.While there is an assumption in American law that a buyer is responsible to perform his own checks, or to have a professional inspect the item or property prior to purchase, there are certain circumstances in which an An implied warranty is not a written warranty, such as consumers often receive when purchasing brand new products. The Vissers returned responses that weren’t actually answers to the questions, and never did send a copy of the report. Our editors will review what you’ve submitted and determine whether to revise the article.The modern law of commercial transactions recognizes this and protects the buyer by implying various exceptions to the principle of "Caveat emptor is the ordinary rule in contract. He discovered a leak when water poured down on him when he removed a ceiling tile.

If the buyer, whether he takes advantage of this opportunity or not, chooses to buy the item, he cannot blame the seller for any deficiencies he may later discover.Naomi wants to buy a 4-wheel drive SUV from the shop teacher at the school where she works. Canadian couple, Nigel and Kathleen Douglas, made an offer on the house.

(See William R. Anson, Principles of the Law of Contract 245 (Arthur L. Corbin Ed.3d. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox.Articles from Britannica Encyclopedias for elementary and high school students.

She asked Bob to return her money, but he refused.

This is a common law doctrine which serves as the general rule regarding the purchase of realty. Doctrine of Caveat Emptor: The rule in Georgia is Caveat Emptor (let the buyer beware). The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of title, are discussed below. A doctrine that often places on buyers the burden to reasonably examine property before purchase and take responsibility for its condition. The couple called in a mold specialist who told them that the mold problem was so extreme that it would be cheaper to demolish the house and build it anew than to remediate the mold and repair the existing structure. He couldn’t be sure, because that would entail disassembling the transmission, which he did not have time to do.Naomi knew that replacing or rebuilding the car’s transmission would be very expensive, and she didn’t want to have that kind of hassle.




Caveat Emptor is not a bad law. It actually provides protection for the buyer. When Naomi questioned Bob about the problem, he offered to look at it if she brought it into the shop.

Caveat emptor is a Latin phrase that is translated as “let the buyer beware.” The phrase describes the concept in contract law that places the burden of due diligence on the buyer of a good or service. Gradually the law developed various “implied warranties,” the breach of which gave rise to certain special rights.