Caveat Emptor

"Caveat emptor (kah-vee-ott emptor) Latin for "let the buyer beware." This term eventually states that the the buyer buys at his/her own risk and therefore should examine and test a product himself/herself for obvious defects and imperfections.
The introduction of warranties and consumer protections have come upon the legal landscape in line with this term. This has resulted the seller held to a higher standard of disclosure than "buyer beware" and has responsibility for defects which could not be noted by casual inspection (particularly since modern devices cannot be tested except by use, and so many products are pre-packaged).

The concern of this term has made the online buying system a doubt. Since the risk of the product not working is forwarded to the buyer. In online purchasing, buyer could not inspect the goods and are given only a limited warranty. Usually the prices of online goods are cheaper as it serves as a compensation of risk undertaken by the buyer. In most developed online purchasing sites such as E-bay and Amazon this term is widely seen.

Posted by ahkeenz at 7:00 PM