Which of the following statements about caveat emptor is true?
A)Caveat emptor is often the first line of defense by producers of mediocre merchandise.
B)As a legal principle,the phrase "caveat emptor" has been routinely approved.
C)Using it as a defense puts the entrepreneur who uses it in a positive light.
D)If you find a business using caveat emptor as a principle,accept them.

Question

Quizplus · Accepted Answer

Caveat emptor is often used by producers of mediocre merchandise as a defense to shift the responsibility of deciding whether or not to purchase a product onto the buyer, rather than taking responsibility for the quality and value of their product. The use of this principle does not necessarily put the entrepreneur in a positive light and should not be blindly accepted. The phrase "caveat emptor" is not always approved as a legal principle and may not hold up in court if the buyer can prove fraud or misrepresentation.

Which of the Following Statements About Caveat Emptor Is True