CA Foundation Exam > CA Foundation Questions > Under the doctrine of Caveat Emptor the selle...
Start Learning for Free
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?
| FREE This question is part of | Download PDF Attempt this Test |
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"
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
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?
Question Description
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup