The Latin phrase caveat emptor forms the foundation of common law's expectation of purchasers to be aware of what they are purchasing and make appropriate investigations before buying.

Question

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This is correct. The phrase caveat emptor means "let the buyer beware." It is a principle that places the responsibility on the buyer to investigate a product or service before purchasing it, and it forms the basis of the common law of contract in many countries.

The Latin Phrase Caveat Emptor Forms the Foundation of Common