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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What is Caveat Emptor? - Commerce

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Question

What is Caveat Emptor?

Short Note

Solution

‘Caveat emptor’ is a Latin term that means “let the buyer beware.” Similar to the phrase” sold as is” this term means that the buyer assumes the risk that a product fails to meet expectations or has defects.

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'Caveat Emptor'
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Chapter 16: Consumerism - Exercise [Page 139]

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Samacheer Kalvi Commerce [English] Class 12 TN Board
Chapter 16 Consumerism
Exercise | Q II. 4. | Page 139
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