Caveat Emptor

Sociology | Mercantile Law | International Law | International Relations

In the ancient times, goods were sold in the open markets where a buyer used to visit the market and after having completely satisfied from the quality and fitness of the goods, he used to buy them. This rule is related to the care of buyer while buying the goods.

What is Caveat Emptor?
Caveat Emptor means ‘Buyer Beware’. Under section#16 of Sale of Goods Act, “Subject to the provisions of this Act; there is no implied warranty or condition as to the quality or fitness of any particular purpose of good supplied under a contract of sale.”

‘Buyer Beware’ is a cautious step taken by this Act keeping in view the customary practice of sale of goods. This rule encourages the buyer to take every possible care in order to check the quality and fitness of the goods which he is going to buy. A buyer is given reasonable time to satisfy his mind regarding the goods and the intention of the seller. The scope of this rule is that, it minimizes the chances of litigation and keeps check on the seller by granting this right to the buyer.