What was the doctrine of caveat emptor in sales or lease contracts?

Question

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The doctrine of caveat emptor, which means "let the buyer beware," placed the responsibility of determining the condition and suitability of a product onto the buyer. This means that the risk of loss was completely on the buyer. The seller was not required to disclose any defects or issues with the product, and the buyer was expected to conduct their own due diligence before making a purchase.

What Was the Doctrine of Caveat Emptor in Sales or Lease