[Disgruntled Buyer] Ciaran lived in his home for five years without doing any upkeep of any type. He was aware that the roof leaked, that he had defective piping, and that the air conditioning did not work, among other problems. He sold the home to Luisa. He did not tell her anything about the problems with the house. Shortly after Luisa moved in, there was a thunderstorm resulting in water streaming down from the ceiling. Within a few weeks of her moving in, pipes began to burst resulting in significant water damage. The air conditioner also failed to work when she turned it on for the first time. Luisa demanded that Ciaran refund her purchase price and take back the house. Ciaran sent her a letter providing as follows:
Dear Luisa,
Caveat emptor. You have marketable title.
Regards, Ciaran
Luisa is furious and wants to sue.
-What does the term "caveat emptor" mean?
A) Let the seller beware.
B) The buyer was negligent.
C) The buyer was unintelligent.
D) Title has passed.
E) Let the buyer beware.

Question

Quizplus · Accepted Answer

"Caveat emptor" is a Latin phrase that means "let the buyer beware." This principle suggests that the buyer assumes the risk for the quality and condition of the item purchased unless protected by warranty or there is misrepresentation or fraud by the seller.

[Disgruntled Buyer] Ciaran Lived in His Home for Five Years