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Under the doctrine of Caveat Emptor the seller is
- a)responsible for the bad selection of goods by the buyer.
- b)not responsible for the bad selection of goods by the buyer.
- c)both (a) and (b).
- d)none of the above.
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Under the doctrine of Caveat Emptor the seller isa)responsible for the...
Explanation:
Under the doctrine of Caveat Emptor, the buyer is responsible for examining the goods before purchasing them. This means that the seller is not responsible for any defects or shortcomings in the goods after the purchase has been made. Here is a detailed explanation:
Definition:
- Caveat Emptor is a Latin term that means "let the buyer beware."
- It is a principle of contract law that places the responsibility on the buyer to examine the goods before making a purchase.
Responsibilities of the seller:
- The seller is responsible for providing accurate and truthful information about the goods.
- The seller must not engage in any fraudulent or misleading practices.
Responsibilities of the buyer:
- The buyer is responsible for carefully inspecting the goods before purchasing them.
- The buyer should ask questions, seek clarification, and conduct any necessary tests or inspections to ensure that the goods meet their requirements.
Implications of Caveat Emptor:
- Once the buyer has purchased the goods, they cannot hold the seller responsible for any defects or issues that were not apparent during the inspection.
- The buyer cannot seek remedies or compensation from the seller based on the principle of Caveat Emptor.
Conclusion:
Under the doctrine of Caveat Emptor, the seller is not responsible for the bad selection of goods by the buyer. It is the buyer's responsibility to thoroughly inspect and assess the goods before making a purchase.
View all questions of this test
Under the doctrine of Caveat Emptor, the buyer is responsible for examining the goods before purchasing them. This means that the seller is not responsible for any defects or shortcomings in the goods after the purchase has been made. Here is a detailed explanation:
Definition:
- Caveat Emptor is a Latin term that means "let the buyer beware."
- It is a principle of contract law that places the responsibility on the buyer to examine the goods before making a purchase.
Responsibilities of the seller:
- The seller is responsible for providing accurate and truthful information about the goods.
- The seller must not engage in any fraudulent or misleading practices.
Responsibilities of the buyer:
- The buyer is responsible for carefully inspecting the goods before purchasing them.
- The buyer should ask questions, seek clarification, and conduct any necessary tests or inspections to ensure that the goods meet their requirements.
Implications of Caveat Emptor:
- Once the buyer has purchased the goods, they cannot hold the seller responsible for any defects or issues that were not apparent during the inspection.
- The buyer cannot seek remedies or compensation from the seller based on the principle of Caveat Emptor.
Conclusion:
Under the doctrine of Caveat Emptor, the seller is not responsible for the bad selection of goods by the buyer. It is the buyer's responsibility to thoroughly inspect and assess the goods before making a purchase.
Most Upvoted Answer
Under the doctrine of Caveat Emptor the seller isa)responsible for the...
Answer is (b).cavet emptor is "let's the buyer beware"
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Under the doctrine of Caveat Emptor the seller isa)responsible for the bad selection of goods by the buyer.b)not responsible for the bad selection of goods by the buyer.c)both (a) and (b).d)none of the above.Correct answer is option 'B'. Can you explain this answer?
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