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
Doctrine of the Mean contrary to the course of the Mean." This guideline requires self-education, self-questioning and self-discipline during the process of self-cultivation. This principle was demonstrated in the first chapter of "Doctrine of the Mean": "The superior man does not wait till he sees things to be cautious, nor till he hears things to be apprehensive. There is nothing more visible than what is secret, and nothing more manifest than what is minute. Therefore the superior man is watchful over himself, when he is alone." This guideline requires understanding, concern and tolerance towards one another. Leniency was demonstrated in the 13th chapter: "When