The term which enjoins a buyer to examine goods thoroughly before making payment is?
COMMERCE
WAEC 2017
The term which enjoins a buyer to examine goods thoroughly before making payment is?
- A. uberimae fidei
- B. caveat venditor
- C. consumer sovereignty
- D. caveat emptor
Correct Answer: D. caveat emptor
Explanation
Caveat emptor is a neo-Latin phrase meaning let the buyer beware. the principle that the seller of a product cannot be held responsible for its quality unless it is guaranteed in a warranty. The buyer is required to properly examine goods before making payment because the seller wont be held responsible for any defects in the goods unless it comes with a warranty
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