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
Leave a Reply