Maxim 5.5.19
Be careful, purchaser.
Source: Wharton, III-38
Difficulty 3/5 — Intermediate
Explanation
(English-origin maxim.) The buyer must exercise caution and diligence before purchasing — the law places the burden of investigation on the purchaser.
Where this applies
- A first-time home buyer fails to get an inspection before purchasing and discovers major foundation problems — the law says the burden of diligence was on the buyer.
- A man buys a used tractor without checking for liens and later finds the bank has a claim on it — caveat emptor, the buyer should have investigated.
- A collector purchases what is advertised as an antique clock without verifying its authenticity, and it turns out to be a reproduction — the buyer bears the risk of not being careful.
Cite this maxim
NeCede Max. 5.5.19 — Be careful, purchaser. — Wharton, III-38
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