In commercial contracts, the principle to be observed is

A. Caveat Emptor

B. Indemnity

C. Proximity

D. Uberrima Fides

Answer: Option A

Solution(By Examveda Team)

In commercial contracts, the principle to be observed is Caveat Emptor. Caveat emptor is a Latin term that means "let the buyer beware." Similar to the phrase "sold as is," this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.