This means “let the buyer beware“, i.e in a contract of sale of goods the seller is under no duty to reveal unflattering truths about the goods. Therefore, when a person buys some goods, he must examine them thoroughly. If the goods turn out to be defective or do not suit his purpose or if he depends upon his own skill or judgement and makes a bad selection, he cannot blame anybody else.
Example: If A asks a shopkeeper to give him medicine for cold and does not give him any other instruction. Then, if medicine is not able to cure A cold. Shopkeeper is not be held responsible. Rule of Caveat Emptor implies, that A should have given proper instructions and doctors prescription
Exceptions to Caveat Emptor: The doctrine of caveat emptor has certain important exceptions. The exceptions are however briefly referred to:-
- Fitness for buyer’s purpose-