caveat emptor |
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Definition
Tacit warning to the buyers that the sellers are not bound to volunteer negative information about the items they are selling. It is assumed that (unless the seller gives express warranty) the buyer takes all risk of any loss due to defects in the goods or property being bought. Latin for, let the buyer beware. Mirror image of caveat venditor.
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caveat emptor is in the Advertising, Marketing, & Sales, Commodities & Precious Metals Trading, International Trade & Relations, Purchasing & Procurement and Securities & Futures Trading subjects.
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