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Business Studies

Receipt of Enquiry and Sending Quotation

Caveat emptor...

Question

Caveat emptor means _________.

A

let the buyer beware before buying the goods

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B

let the Seller beware before Selling the goods

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C

let the buyer beware after buying the goods

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D

let the seller beware after the goods

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Solution

The correct option is A let the buyer beware before buying the goods
Caveat Emptor means let the buyer beware before buying the goods. The principle of " Caveat Emptor" as found in Section 16 of the Sale of Goods Act, means that buyer must take care.

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Similar questions

Q. A. Caveat 1. Let the seller beware
B. Caveat actor 2. Let the signer beware
C. Caveat emptor 3. Let the buyer be beware
D. Caveat subscriptor 4. Let the doer be on his guard
E. Caveat venditor 5. Let him beware

Q. The earlier approach of Caveat Emptor which means, "let the buyer beware" has now been changed to what?

A.	Caveat	1.	Let the seller be on his guard.
B.	Caveat actor	2.	Let the person signing (e.g. a contract) be on his guard.
C.	Caveat emptor	3.	Let the buyer be beware.
D.	Caveat sub	4.	Let the doer be on his scriptor guard.
E.	Caveat venditor	5.	Let him beware.

Q. ________ is a specific place where buyers and sellers meet to buy and sell goods.

Q. Principle: Caveat emptor, i.e., 'let the buyer beware' stands for the practical skill judgment of the buyer in his choice of foods for purchase. It is the business of the buyer to judge for himself that what he buys has its use and worth for him. Once bought, and if the buy is not up to his expectations, then he alone is to blame and no one else.
Facts: For the purpose of making uniform for the employees, 'A' bought dark blue coloured cloth from 'B' but did not disclose to the seller ('B') the specific purpose of the said purchase. When uniforms were prepared and used by the employees, the cloth was found unfit. However, the cloth was fit for a variety of other purposes (such as, making caps, boots and carriage lining, etc).
Applying the afore-stared principle, which of the following derivations is correct as regards remedy available of 'A' in the given situation?

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