Question on: JAMB Commerce - 2024
The term "caveat emptor" implies that
A
goods have been transferred to the buyer
B
let the buyer beware
C
let the seller beware
D
goods are still with the seller
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Correct Option: B
"Caveat emptor" is a Latin phrase that translates to "let the buyer beware." It means that the buyer is responsible for checking the quality and suitability of goods before a purchase is made. The seller is not responsible for any defects or problems with the goods unless specifically stated otherwise.
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