Question

When it comes to private party transactions, the principle that often applies is caveat emptor. What does that

mean?

Answer 1

Explanation:

Let the buyer beware

Caveat emptor is a common law doctrine that places the burden on buyers to reasonably examine property before making a purchase. A buyer who fails to meet this burden is unable to recover for defects in the product that would have been discovered had this burden been met. The phrase “caveat emptor” is Latin for “let the buyer beware.”