Friday, February 7, 2014

Filled Under:

Doctorine of Caveat emptor

1. Introduction:
Under contract of sales of goods buyer should be very careful while purchasing the goods from seller. If a buyer purchases the goods and afterwards he comes to know that goods are defective. In this case seller will not be reasonsible for the defects in the goods.
2. Doctrine of caveat emptor:
Doctrine of caveat emptor has been stated in sec 16 of sales of goods act.
“Subject to the provisions of this act and any other law for the time being in force, there is not implied warranty or condition as to quality or fitness for any particular purpose of goods supplied under a contract of sale”.

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