During the first quarter of the 20th century,consumers were responsible for any losses they suffered due to a defective product they purchased.This is because the doctrine of ___ was applied in business transactions.

Question

​During the first quarter of the 20th century,consumers were responsible for any losses they suffered due to a defective product they purchased.This is because the doctrine of ___ was applied in business transactions.

Quizplus · Accepted Answer

The doctrine of caveat emptor means "let the buyer beware" and was applied in business transactions during the first quarter of the 20th century. This meant that consumers were responsible for any losses due to defective products they purchased.

​During the First Quarter of the 20th Century,consumers Were Responsible

During the First Quarter of the 20th Century,consumers Were Responsible