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caveat emptor definition
(kah-vee-ott emptor) Latin for "let the buyer beware. " The basic premise that the
buyer buys at his/her own risk and therefore should examine and test a product himself/herself
for obvious defects and imperfections. Caveat emptor still applies even if the purchase
is "as is" or when a defect is obvious upon reasonable inspection before purchase.
Since implied warranties (assumed quality of goods) and consumer protections have
come upon the legal landscape, the seller is held to a higher standard of disclosure
than "buyer beware" and has responsibility for defects which could not be noted
by casual inspection (particularly since modern devices cannot be tested except
by use and many products are pre-packaged).
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