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The doctrine of "Caveat Emptor" is a fundamental principle in business law which means "let the buyer beware." Under this doctrine, the buyer alone is responsible for checking the quality and suitability of goods before making a purchase. It places the onus on the purchaser to exercise due diligence, inspection, and inquiry before completing a transaction. The seller is not obliged to disclose hidden defects or flaws in the product unless specifically required by law or contract. This principle is rooted in the idea of ____ ________ ____ ________ ____ _______ _____.
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