It is an integral part of Sales of Goods Act. It means 'let the buyer beware'. The term expressed below has Latin origins. What is the exact term for that?
A. Res ipsa loquitur
B. Res ipsa emptor
C. Caveat emptor
D. Caveat loquitur
Answer: Option C
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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