Caveat emptor: Difference between revisions
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Latin- “''Let the buyer beware''”; The principal that the onerous for responsibility of the overall satisfaction of the purchaser in a sale rests upon the buyer. | [[File:BuyerBeware.jpg|alt="Caveat Emptor - Buyer Beware Sign in Alley." Generated by Grok 3, xAI, May 7, 2025. |thumb|200x200px|Caption]] | ||
Latin- “''Let the buyer beware''”; The principal that the onerous for responsibility of the overall satisfaction of the purchaser in a sale rests upon the buyer. | |||
==How it works== | ==How it works== | ||
It is the responsibility of the buyer to familiarize themselves well enough with the product or service to evaluate whether it meets or exceeds their own subjective requirements of such a product or service for the price offered. This operates under postulate that the transaction is voluntary, and the seller can not be expected to understand the subjective metrics by which buyers may evaluate the product or service. | It is the responsibility of the buyer to familiarize themselves well enough with the product or service to evaluate whether it meets or exceeds their own subjective requirements of such a product or service for the price offered. This operates under postulate that the transaction is voluntary, and the seller can not be expected to understand the subjective metrics by which buyers may evaluate the product or service. | ||