Commerce WAEC

The term which enjoins a buyer to examine goods thoroughly before making payment is?

A. uberimae fidei
B. caveat venditor
C. consumer sovereignty
D. caveat emptor

Correct Answer: Option D

D. caveat emptor

Explanation

Caveat emptor is a neo-Latin phrase meaning “let the buyer beware. the principle that the seller of a product cannot be held responsible for its quality unless it is guaranteed in a warranty. The buyer is required to properly examine goods before making payment because the seller wont be held responsible for any defects in the goods unless it comes with a warranty

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