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Doctrine of Caveat Emptor requires the buyer :
- a)To be careful while making a purchase.
- b)To depend on representation made by seller.
- c)To warn a seller not to sell any fake goods.
- d)Not to make any advance payment.
Correct answer is option 'A'. Can you explain this answer?
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Doctrine of Caveat Emptor requires the buyer :a)To be careful while ma...
Explanation:
Doctrine of Caveat Emptor:
Caveat Emptor is a Latin term that means "let the buyer beware." It is a legal principle that places the responsibility on the buyer to be cautious and diligent when making a purchase.
Buyer's Responsibility:
- The Doctrine of Caveat Emptor requires the buyer to be careful while making a purchase.
- The buyer should inspect the goods, ask questions, and do their own research before buying to ensure they are getting what they expect.
Seller's Representation:
- The buyer cannot solely depend on the representations made by the seller.
- It is the buyer's responsibility to verify the accuracy of the seller's claims and not just rely on them blindly.
Avoiding Fraud:
- By being cautious and diligent, the buyer can avoid falling victim to fraud or purchasing defective or misrepresented goods.
- The buyer should exercise their due diligence to protect themselves from any potential risks associated with the purchase.
In conclusion, the Doctrine of Caveat Emptor emphasizes the importance of the buyer taking responsibility for their purchases and being vigilant to protect their own interests. It is crucial for buyers to be careful and thorough in their evaluation of goods before making a purchase.
Doctrine of Caveat Emptor:
Caveat Emptor is a Latin term that means "let the buyer beware." It is a legal principle that places the responsibility on the buyer to be cautious and diligent when making a purchase.
Buyer's Responsibility:
- The Doctrine of Caveat Emptor requires the buyer to be careful while making a purchase.
- The buyer should inspect the goods, ask questions, and do their own research before buying to ensure they are getting what they expect.
Seller's Representation:
- The buyer cannot solely depend on the representations made by the seller.
- It is the buyer's responsibility to verify the accuracy of the seller's claims and not just rely on them blindly.
Avoiding Fraud:
- By being cautious and diligent, the buyer can avoid falling victim to fraud or purchasing defective or misrepresented goods.
- The buyer should exercise their due diligence to protect themselves from any potential risks associated with the purchase.
In conclusion, the Doctrine of Caveat Emptor emphasizes the importance of the buyer taking responsibility for their purchases and being vigilant to protect their own interests. It is crucial for buyers to be careful and thorough in their evaluation of goods before making a purchase.
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Doctrine of Caveat Emptor requires the buyer :a)To be careful while ma...
Doctrine of caveat emptor means buyer to be beware
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Doctrine of Caveat Emptor requires the buyer :a)To be careful while making a purchase.b)To depend on representation made by seller.c)To warn a seller not to sell any fake goods.d)Not to make any advance payment.Correct answer is option 'A'. Can you explain this answer?
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Doctrine of Caveat Emptor requires the buyer :a)To be careful while making a purchase.b)To depend on representation made by seller.c)To warn a seller not to sell any fake goods.d)Not to make any advance payment.Correct answer is option 'A'. 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 Doctrine of Caveat Emptor requires the buyer :a)To be careful while making a purchase.b)To depend on representation made by seller.c)To warn a seller not to sell any fake goods.d)Not to make any advance payment.Correct answer is option 'A'. 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 Doctrine of Caveat Emptor requires the buyer :a)To be careful while making a purchase.b)To depend on representation made by seller.c)To warn a seller not to sell any fake goods.d)Not to make any advance payment.Correct answer is option 'A'. Can you explain this answer?.
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