Answer :

Prior to 1914, the caveat emptor let the buyer beware was the name of the game for consumers.

What is Caveat Emptor?

  • The phrase "caveat emptor" has gained renown in English. The contract law principle known as caveat emptor often governs the sale of real estate after the date of closure, though it may also apply to the sale of other types of products.
  • Because purchasers frequently know less about the product or service they are buying than the seller, the phrase "caveat emptor" and its use as a disclaimer of warranties are a result.
  • This characteristic of the circumstance is referred to as "information imbalance." Defects in the product or service might only be known to the seller and concealed from the buyer.

know more about caveat emptor

https://brainly.com/question/11087193

#SPJ4

Other Questions