Caveat Emptor

Caveat Emptor in United Kingdom

Definition of Caveat Emptor

This latin term has its origins in contract law.

Caveat emptor in Legal Latin

Meaning of the latin term “Caveat emptor” from the University of Kent: ‘Let the buyer beware’ – A common-law maxim warning a purchaser that he could not claim that his

purchases were defective unless he protected himself by obtaining express guarantees from the vendor. maxim has been modified by statute: under the Sale of Goods Act 1979 (a consolidating statute), contracts

for the sale of goods have implied terms requiring the goods to correspond with their description and any

sample and, if they are sold in the course of a business, to be of satisfactory quality and fit for any purpose

made known to the seller.

Caveat emptor in the Context of Mortgages

A legal principle derived from Latin than means “let the buyer beware.”

Similar Terms

Caveat

Caveat

A formal notice, that asks a court to suspend action until the party which filed the challenge can be heard.

Resources

See Also

  • Legal Latin Maxims
  • Legal Latin Quotes
  • Legal Latin Dictionary

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