Caveat emptor Judge Benjamin N. Cardozo established that privity of duty is no longer required in regard to a lawsuit for product liability against the seller. This case is widely regarded as the origin of "caveat venditor" as it pertains to modern tort law in US. "Caveat lector" is Latin for "let the reader beware". One variant of this phrase is "caveat auditor", where the caveat is addressed to any receiver of a given (kind of) message (not necessarily a written one). Caveat emptor Caveat emptor (, ) is Latin for "Let the buyer beware" (from "caveat", "may he beware", a subjunctive
Caveat (horse) was the cause of his eventual retirement. Caveat was retired in August, 1983, and syndicated as a stallion. Among his progeny, he was the sire of Arlington Million winner Awad, Timely Warning, Cefis, Warning Glance, Ratings, and Ops Smile. As a broodmare sire, he sired Beware of the Cat, dam of Belmont Stakes winner Editor's Note. Caveat died in February, 1995, at Northview Stallion Station in Maryland and is buried in Windfields Farm Equine Cemetery at Northview Stallion Station. Caveat (horse) Caveat (March, 16 1980 – February, 1995) was an American Thoroughbred racehorse. Bred in Maryland) by Ryehill Farm, he