Chancery
(kah-vee-ott emptor) Latin for “let the buyer beware.” the basic premise that the buyer buys at his/her own risk and therefore should examine and test a product himself/herself for obvious defects and imperfections. caveat emptor still applies even if the purchase is “as is” or when a defect is obvious upon reasonable inspection before purchase. since implied warranties (assumed quality of goods) and consumer protections have come upon the legal landscape, the seller is held to a higher standard of disclosure than “buyer beware” and has responsibility for defects which could not be noted by casual inspection (particularly since modern devices cannot be tested except by use and many products are pre-packaged).
