caveat
emptor (buyer beware)
Let
the buyer beware.
A
principle of law that puts onus on the buyer tobe
fully satisfied with the property before buying it. Under the rule if
a fault is later found then the buyer has no redress against the
seller.
The rule carries less
weight in real estate transactions and
has been largely modified by statutory laws, for example by the Australian Consumer Law.
The opposite rule to venditor beware