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

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Caveat emptor, meaning "let the buyer beware," is a fundamental principle in common law regarding property sales, emphasizing that the buyer assumes the risk for the quality and condition of the item purchased unless protected by warranty.

The Latin Phrase Caveat Emptor Forms the Foundation of Common