Doctrine of Caveat Emptors
Doctrine of Caveat Emptors The maxim, Caveat Emptor means "Let the Buyer Beware". The Doctrine of Caveat Emptor states that when the Buyer was given a chance of examining the goods but he did not examine them, in fact relied on his own skill and judgement and makes a bad selection then he can not blame anybody except himself. In other words unless the buyer specifies his purpose for buying the goods, it is not the duty of the seller to give the buyer suitable goods required by him (buyer). Exception to the rule The law of Caveat Emptor has certain exceptions, where in the seller shall stand liable for losses suffered by the buyer. 1. Where the buyer makes the purpose known to Seller [IMPLIED CONDITION AS TO QUALITY OR FITNESS U/S 16(1)] Where the buyer (expressly or impliedly) makes known to the seller the particular purpose for which the buyer requires the goods and relies on the skill and judgement of the seller, then it becomes the duty of the seller to provide the goods ...