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LSDefine

Simple English definitions for legal terms

caveat emptor

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A quick definition of caveat emptor:

Term: Caveat emptor

Definition: When you buy something, it's your responsibility to check it carefully before you pay for it. If you don't check it and there are problems with it later, you can't blame the seller. This is called "caveat emptor," which means "let the buyer beware" in Latin. However, there are some situations where the seller has to tell you about problems with the thing they're selling, even if you don't ask. For example, if they know there's something wrong with it and they don't tell you, you might be able to get your money back.

A more thorough explanation:

Definition: Caveat emptor is a legal principle that means "let the buyer beware." It places the responsibility on the buyer to carefully examine and assess a product before making a purchase. If the buyer fails to do so and later discovers defects or problems with the product, they cannot hold the seller responsible.

For example, if you buy a used car without inspecting it thoroughly and later find out that it has a major mechanical issue, you cannot sue the seller for damages. This is because you had the opportunity to examine the car before buying it, and it was your responsibility to do so.

However, there are exceptions to the caveat emptor principle. If the seller intentionally conceals important information about the product, they can be held liable for any damages that result. For instance, if a seller knows that a house has a serious mold problem but fails to disclose it to the buyer, the buyer can sue the seller for damages.

Caveat emptor is still an important legal principle today, especially in commercial and real estate transactions. It reminds buyers to be cautious and diligent when making purchases, and to take responsibility for their own decisions.

caveat | CC&Rs

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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