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The rule of caveat emptor does not apply in the case of :
- a)Fitness for buyer’s purpose
- b)Sale under a patent or trade name
- c)Usage of trade or consent by fraud
- d)All of these
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The rule of caveat emptor does not apply in the case of :a)Fitness for...
The “old rule” of caveat emptor had been superseded by caveat venditor such change being “rendered necessary by the conditions of modern commerce and trade.” LORD WRIGHT In expression ‘Caveat Emptor’ usually finds a place in laws related to business. The phrase Caveat Emptor means “let the buyer beware.” The doctrine of caveat emptor is enshrined in Section 16 of the Sale of Goods Act, 1930. This provision corresponds to Section 14 of the English Act of 1893. This doctrine of caveat emptor is based on the fundamental principle that once a buyer is satisfied with the product’s suitability, then he has no subsequent right to reject such product. The objective of introducing this provision was to ensure that the buyer purchases the product at his own risk after being assured of the quality of the product. He is required to use his own skill and judgment except in cases of fraud where the doctrine of caveat emptor does not apply.
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The rule of caveat emptor does not apply in the case of :a)Fitness for buyer’s purposeb)Sale under a patent or trade namec)Usage of trade or consent by fraudd)All of theseCorrect answer is option 'D'. Can you explain this answer?
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