caveat emptor - Meaning in Tamil
caveat emptor - Meaning in Tamil
noun
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Definitions and Meaning of caveat emptor in English
caveat emptor noun
- a commercial principle that without a warranty the buyer takes upon himself the risk of quality
Description
Caveat emptor is Latin for "Let the buyer beware". It has become a proverb in English. Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase caveat emptor and its use as a disclaimer of warranties arises from the fact that buyers typically have less information than the seller about the good or service they are purchasing. This quality of the situation is known as 'information asymmetry'. Defects in the good or service may be hidden from the buyer, and only known to the seller.
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What is caveat emptor meaning in Tamil?
The word or phrase caveat emptor refers to a commercial principle that without a warranty the buyer takes upon himself the risk of quality. See caveat emptor meaning in Tamil, caveat emptor definition, translation and meaning of caveat emptor in Tamil. Learn and practice the pronunciation of caveat emptor. Find the answer of what is the meaning of caveat emptor in Tamil.
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What is caveat emptor meaning in Tamil, caveat emptor translation in Tamil, caveat emptor definition, pronunciations and examples of caveat emptor in Tamil.