Which of the following statements is true about caveat emptor?
A) As a legal principle,the phrase has been routinely approved.
B) It is often the first line of defense by producers of shoddy merchandise.
C) Using it as a defense puts the entrepreneur who uses it in a positive light.
D) A business using it as a principle is considered highly legitimate and accountable.

Question

Quizplus · Accepted Answer

Caveat emptor is often used as a defense by producers of shoddy merchandise, implying that it is the buyer's responsibility to be aware of any defects before purchasing. It is not considered a highly legitimate or accountable principle, as it prioritizes the seller's interests over the buyer's. While it has been approved as a legal principle in some cases, it is not routinely approved and is not a widely accepted practice in modern business.

Which of the Following Statements Is True About Caveat Emptor