Caveat Emptor

Latin term meaning “Let the Buyer beware”. This term adheres to the basic premise that when it comes to a transaction, the buyer is the one held entirely responsible for the transaction, as well as the product(s) that come with it. In other words, it is the buyer’s responsibility to choose well when making a transaction, and this can be done in the form of testing a product, making sure that the product being purchased has no defects, etc. Currently, the United States rejects such a philosophy as ‘Caveat emptor’, and does so by way of implied warranties and consumer protection laws.