Let the buyer beware: Take caveat emptor to heart

BY CHRISTOPHER S. MURPHY

Caveat emptor is a Latin term for “let the buyer beware.” It is a contract principle that is

commonly used by sellers in the sale of real property. Most often, the seller indicates that his or her property is being sold in “as is” condition. By doing so, the seller is attempting to use this principle as a disclaimer against providing any warranties as to the condition of the property being sold, thereby placing the responsibility, burden and risk for determining the physical condition of the property solely on the buyer.

The concept of . . .

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