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Doctrine of Caveat Emptor and Its Exceptions The doctrine of “Caveat Emptor” is an important principle of the law relating to the sale of goods. The expression “Caveat Emptor” is a Latin phrase which means “let the buyer beware.” It places the responsibility upon the buyer to examine the goods carefully before purchasing them and to satisfy himself that the goods are suitable for his purpose. Under this doctrine, a seller is generally not bound to disclose every defect or deficiency in the goods, and the buyer purchases the goods at his own risk regarding their quality, fitness and suitability. The doctrine is primarily based on the principle that the buyer should exercise reasonable care and judgment while entering into a contract of sale. A buyer is expected to possess sufficient knowledge about his requirements and to make proper inquiries before purchasing goods. If the buyer fails to take reasonable precautions and subsequently discovers that the goods are unsuitable, he ordinarily cannot hold the seller responsible merely because the goods do not meet his expectations. The doctrine of Caveat Emptor is reflected in Section 16 of the Sale of Goods Act, 1930. The general rule under this provision is that there is no implied condition or warranty as to the quality or fitness of goods supplied under ___ ________ ____ _______ _________ ___ __________ _____.
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