legal concept of "let the buyer beware," which was pervasive in the American business culture prior to the 1960s,is referred to as __________.

Question

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"Let the buyer beware" is commonly known as the concept of caveat emptor. This means that the buyer is responsible for ensuring that they are aware of the quality and condition of the product they are purchasing. This legal concept was widely accepted before the 1960s, but consumer protection laws have since shifted the responsibility to the seller to provide accurate and truthful information about their products.

Legal Concept of "Let the Buyer Beware," Which Was Pervasive