The doctrine of caveat emptor refers to
A) quality or condition of goods, not ownership.
B) the unconscionable transfer of goods.
C) contracts where both a dominant and subservient party exist.
D) transfer of clear title in the sale of goods.
E) the situation where one party is in a vastly superior position of knowledge with respect to some matter which is of vital importance to the other party.

Question

Quizplus · Accepted Answer

The doctrine of caveat emptor refers to the principle of "let the buyer beware," where the buyer is responsible for checking and inspecting the quality and condition of goods before purchasing them. This principle applies to the sale of goods, not ownership or contracts with a dominant/subservient party. It also does not address the transfer of clear title or situations where one party has superior knowledge.

The Doctrine of Caveat Emptor Refers to