Asked by Greyson Grubb on May 26, 2024
Verified
The traditional common law rule regarding the sale of property is caveat emptor which means, "let the seller beware."
Caveat Emptor
A Latin phrase meaning "let the buyer beware," implying that the buyer assumes the risk regarding the quality of the goods purchased, unless they are protected by warranty.
Common Law
A body of law derived from judicial decisions of courts and similar tribunals, as opposed to statutes or constitutions.
- Discern the regulatory landscapes shaping real estate, which include zoning, the Truth in Lending Act adjustments, and demands for disclosure.
Verified Answer
SC
Shyam ChhagMay 31, 2024
Final Answer :
False
Explanation :
Caveat emptor means "let the buyer beware," indicating that the buyer assumes the risk regarding the quality or condition of the item purchased.
Learning Objectives
- Discern the regulatory landscapes shaping real estate, which include zoning, the Truth in Lending Act adjustments, and demands for disclosure.
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