The Latin phrase caveat emptor, meaning “let the seller beware,” has put sellers on alert to look after their own interests.

Question

BlackTom AI · Accepted Answer

The statement presents the idea that caveat emptor means 'let the seller beware' and then asserts this has prompted sellers to look after their own interests. 
Option 1: 'True' — This would claim that caveat emptor places the duty on sellers to protect themselves. In fact, caveat emptor is a Latin term that translates to 'let the buyer beware,' indicating that the buyer is responsible for checking the quality and suitability of goods before purchase. This makes the assertion in the statement inaccurate. 
Option 2: 'False' — This option correctly identifies the commonly cited meaning of the phrase. The buyer-beware interpretation shifts responsibility toward the buyer, not the seller, which is the opposite of what the statement claims. The misattribution here reflects a familiar misconception about the term. 
Additional context: In contract and commercial law, caveat emptor historically placed the burden on buyers during transactions, though many modern regimes have shifted some responsibility back to sellers through warranties and disclosure requirements. Consequently, the idea that sellers are urged to guard their own interests by the phrase is not aligned with the original meaning. 
In summary, the core misunderstanding lies in who is supposedly warned by the phrase; the standard interpretation is that buyers must beware, not that sellers must beware.

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The Latin phrase caveat emptor, meaning “let the seller beware,” has put sellers on alert to look after their own interests.

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MGS*3520*01.2025FA EXAM III- Requires Respondus LockDown Browser

The Latin phrase caveat emptor, meaning “let the seller beware,” has put sellers on alert to look after their own interests.

View Explanation

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Similar Questions

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MGS352001.2025FA EXAM III- Requires Respondus LockDown Browser