Question 4 of 8
What does the principle of “caveat emptor” mean?
A
Let the seller beware
B
Let the buyer beware
C
Both buyer and seller should be aware
D
The regulator is responsible for all transactions
Correct Option:
B
Explanation
"Caveat emptor" is a Latin phrase meaning "let the buyer beware." It places responsibility on the buyer to exercise due diligence and make informed decisions before purchasing a product or investment.
