Word:

caveat emptor

Noun1.caveat emptor - a commercial principle that without a warranty the buyer takes upon himself the risk of quality

CAVEAT EMPTOR. Let the purchaser take heed; that is, let him see to it, that the title he is buying is good. This is a rule of the common law, applicable to the sale and purchase of lands and other real estate. If the purchaser pay the consideration money, he cannot, as a general rule, recover it back after the deed has been executed; except in cases of fraud, or by force of some covenant in the deed which has been broken. The purchaser,if he fears a defect of title, has it in his power to protect himself by proper covenants, and if he fails to do so, the law provides for him no remedy. Cro. Jac. 197; 1 Salk. 211 Doug. 630, 654; 1 Serg. & R. 52, 53, 445. This rule is discussed with ability in Rawle on Covenants for Title, p. 458, et seq. c. 13, and the leading authorities collected. See also 2 Kent, Com. Lect. 39, p. 478; 2 Bl. Com. 451; 1 Stor, Eq. Sec. 212 6 Ves. 678; 10 Ves. 505; 3 Cranch, 270; 2 Day, R. 128; Sugd. Vend. 221 1 Bouv. Inst. n. 954-5.
     2. This rule has been severely assailed, as being the instrument of falsehood and fraud; but it is too well established to be disregarded. Coop., Just. 611, n. See 8 Watts, 308, 309.

Caveat emptor. Let the purchaser beware.

precept, principle
Browse
Cavalry
cavalry horse
cavalry sword
cavalry-sword
Cavalryman
Cavatina
Cave
cave bat
Cave bear
cave dweller
Cave hyena
cave in
Cave lion
cave man
cave myotis
Caveat
-- caveat emptor --
Caveating
Caveator
Cavell
caveman
Cavendish
Cavendum est a fragmentis
Cavern
cavern out
Caverned
Cavernous
Cavernous body
Cavernous respiration
cavernous sinus
Cavernulous
Cavesson
Cavetto
Definitions Index: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

About this site and copyright information - Online Dictionary Home - Privacy Policy