Caveat emptor as 'information asymmetry'. Defects in the good or service may be hidden from the buyer, and only known to the seller. A common way that information asymmetry between seller and buyer has been addressed is through a legally binding warranty, such as a guarantee of satisfaction. But without such a safeguard in place the ancient rule applies, and the buyer should beware. Under the principle of "caveat emptor", the buyer could not recover damages from the seller for defects on the property that rendered the property unfit for ordinary purposes. The only exception was if the seller actively concealed latent
What Does the K Stand For? What Does the K Stand For? What Does the K Stand For? is a BBC Radio Four sitcom series based on the experiences of comedian Stephen K. Amos growing up as a teenager in south London in the 1980s. The broadcast of the first series began in November 2013; the third series commenced in January 2017. Reviewing Series 1, Episode 1 for "Radio Times", Tristram Fane Saunders found the show suited Amos "down to the ground; there's a touch of "Seinfeld" about "What Does the K Stand for?" in the way it flows from stand up into a deliciously awkward