Caveat emptor by phone, also have a statutory "cooling off" period of fourteen calendar days during which the purchase contract can be cancelled and treated as if not done. Although no longer applied in consumer law, the principle of "caveat emptor" is generally held to apply to transactions between businesses unless it can be shown that the seller had a clear information advantage over the buyer that could not have been removed by carrying out reasonable due diligence. "Caveat venditor" is Latin for "let the seller beware." In the landmark case of "MacPherson v. Buick Motor Co." (1916), New York Court Appeals
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