Q725
In commercial contracts, the principle to be observed is
A.
Caveat Emptor
AnswerB.
Indemnity
C.
Proximity
D.
Uberrima Fides
Answer: Option A
Solution
Answer: Option A
Solution:
In commercial contracts, the principle to be observed is Caveat Emptor. Caveat emptor is a Latin term that means "let the buyer beware." Similar to the phrase "sold as is," this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.