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Featured legal information article. -- Caveat Emptor or Caveat Venditor The Defective Automobile. This article discusses how the individual need not be the effect of that old saw. Lets look at two ancient opposing concepts that directly affect you, the buyer of an automobile. Sorry about the Latin but this gives you an idea of how long these ideas have been around. They are: Caveat Emptor Caveat Venditor. The definition of the Latin words, Caveat Emptor are stated thus: The axiom or principle in commerce that the buyer alone is responsible for assessing the quality of a purchase before buying. We know it colloquially as, let the buyer beware. More simply, if you dont check the quality of what you buy, you, not the seller, are going to get stuck with whatever defects occur. The other concept is Caveat Venditor. The translation of this is; let the seller beware. In more modern terms this says that within the limits of current law, the seller is very definitely at risk if they sell you a product with defects. These two concepts have been going in and out of favor over time as mercantile societies and viewpoints change. These days the pendulum has swung to the side of Caveat Venditor. See Caveat Emptor or Caveat Venditor The Defective Automobile for the complete article.
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