Caveat Emptor
04-27-2012, 05:12 PM
#1
Race Car
Thread Starter
Caveat Emptor
Definition of 'Caveat Emptor'
A Latin phrase for "let the buyer beware." The term is primarily used in real property transactions. Essentially it proclaims that the buyer must perform their due diligence when purchasing an item or service.
In other words, consumers need to know their rights and be vigilant in avoiding scams. For example in the private purchase of a used car, caveat emptor places an onus on the buyer to make sure the car is worth the purchase price. This is because once the transaction is complete the buyer will not receive a warranty or return option from the seller.
A Latin phrase for "let the buyer beware." The term is primarily used in real property transactions. Essentially it proclaims that the buyer must perform their due diligence when purchasing an item or service.
In other words, consumers need to know their rights and be vigilant in avoiding scams. For example in the private purchase of a used car, caveat emptor places an onus on the buyer to make sure the car is worth the purchase price. This is because once the transaction is complete the buyer will not receive a warranty or return option from the seller.
04-27-2012, 05:15 PM
#2
Administrator - "Tyson"
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Thank you for the Econ 101 lesson 
Did you mean to post this in any particular thread?
Did you mean to post this in any particular thread?
04-27-2012, 05:28 PM
#4
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04-28-2012, 07:44 AM
#8
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Definition of 'Caveat Emptor'
A Latin phrase for "let the buyer beware." The term is primarily used in real property transactions. Essentially it proclaims that the buyer must perform their due diligence when purchasing an item or service.
In other words, consumers need to know their rights and be vigilant in avoiding scams. For example in the private purchase of a used car, caveat emptor places an onus on the buyer to make sure the car is worth the purchase price. This is because once the transaction is complete the buyer will not receive a warranty or return option from the seller.
A Latin phrase for "let the buyer beware." The term is primarily used in real property transactions. Essentially it proclaims that the buyer must perform their due diligence when purchasing an item or service.
In other words, consumers need to know their rights and be vigilant in avoiding scams. For example in the private purchase of a used car, caveat emptor places an onus on the buyer to make sure the car is worth the purchase price. This is because once the transaction is complete the buyer will not receive a warranty or return option from the seller.
04-28-2012, 11:22 AM
#9
I agree, sort of.
04-28-2012, 12:08 PM
#10
Race Car
Thread Starter
I am was trying to post on my wifes I-pad type device and it created this mystery thread!
It should be in the "My car arrived, this may go very badly" and no, I'm not the seller just remembered this classic phrase.
Caveat Emptor after using the HP Pad as I call it the Maxie-Pad seems like this saying is appropriate.
It should be in the "My car arrived, this may go very badly" and no, I'm not the seller just remembered this classic phrase.
Caveat Emptor after using the HP Pad as I call it the Maxie-Pad seems like this saying is appropriate.
! 