When Tom went to buy a necklace, he decided to buy it from a pawnshop rather than a jewelry store. He congratulated himself when he saw the number of stones he had purchased for $300. The necklace turned his fiancée's neck green, and the "diamonds" turned out to be zirconium. Tom should have remembered:

Question

Quizplus · Accepted Answer

"Caveat emptor" is a Latin phrase meaning "let the buyer beware". It is a principle of commercial law that places the responsibility on the buyer to investigate and evaluate the product before making a purchase. In this case, Tom should have been more cautious and inspected the necklace more closely before buying it.

When Tom Went to Buy a Necklace, He Decided to Buy