How is it that the exceptions to the rule of caveat emptor have greater significance than the rule itself? Elaborate with the help of legal provisions and decided cases.”
QUESTION 6 “How is it that the exceptions to the rule of caveat emptor have greater significance than the rule itself? Elaborate with the help of legal provisions and decided cases.” INTRODUCTION The term Caveat Emptor means “let the buyer beware” . This principle originally placed the responsibility on the buyer to check the quality and suitability of goods before purchasing them. Under the Sale of Goods Act, 1930, Section 16 explains the rule of caveat emptor. It says that the seller is not responsible for defects in the goods if the buyer has an opportunity to examine them. However, over time, consumer protection and fairness in trade became more important. Therefore, exceptions to this rule were developed. These exceptions have now become more important than the rule itself because they provide protection to the buyer. WHY EXCEPTIONS ARE MORE SIGNIFICANT THAN THE RULE The basic rule places responsibility entirely on the buyer. But in modern commerce, the buyer ca...