Asked by Rebika Basnet on Jul 21, 2024
Verified
More and more, U.S. laws are becoming increasingly based on the rule of caveat emptor: "Let the buyer beware."
Caveat Emptor
A Latin phrase meaning "let the buyer beware," implying that the responsibility for due diligence before a purchase lies with the buyer.
- Consider the legal angles and favorable aspects of various trade structures in certain cases.
Verified Answer
DE
Daphne Espinoza GonzalezJul 22, 2024
Final Answer :
False
Explanation :
U.S. laws, particularly consumer protection laws, have been moving towards greater consumer protection rather than strictly adhering to the principle of "caveat emptor." This includes regulations that require clear information disclosure, warranties, and the ability to return faulty products.
Learning Objectives
- Consider the legal angles and favorable aspects of various trade structures in certain cases.
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