With regard to buyers' and sellers' rights,the courts apply the theory of caveat emptor.

Question

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The theory of caveat emptor means "let the buyer beware" and emphasizes the buyer's responsibility to investigate and assure themselves of the quality and suitability of the goods or services they are purchasing. It is a common law principle that is still applied in most jurisdictions today. Therefore, buyers have the responsibility to ensure that they are making an informed decision when purchasing a product or service, and sellers are not required to disclose any defects or issues unless specifically asked.

With Regard to Buyers' and Sellers' Rights,the Courts Apply the Theory