Caveat emptor sale of new residential housing by a builder-seller and that the "caveat emptor" rule applies to all other real-estate sale situations (e.g. homeowner to buyer). Other jurisdictions have provisions similar to this. Under Article 2 of the Uniform Commercial Code, adopted by all U.S. states, the sale of new goods is governed by the "perfect-tender" rule unless the parties to the sale expressly agree in advance to terms equivalent to "caveat emptor" (such as describing the goods as sold "as is" and/or "with all faults") or other limitations such as the below-discussed limitations on remedies. The perfect-tender rule states that
Caveat (horse) Caveat (horse) Caveat (March, 16 1980 – February, 1995) was an American Thoroughbred racehorse. Bred in Maryland) by Ryehill Farm, he was sired by Kentucky Derby winner Cannonade out of The Axe II mare Cold Hearted. To date, Caveat is one of eleven Maryland-bred colts to win a Triple Crown race. Caveat was owned by the partnership of August Belmont IV, Robert Kirkham, and his breeder, James P. Ryan. He was conditioned for racing by U.S. Racing Hall of Fame trainer Woody Stephens. As a two-year-old, Caveat placed second in the Grade II Lane's End Breeders' Futurity Stakes with Eddie