Stambovsky v. Ackley New York, at the time, adhered to property law doctrine of "caveat emptor". The appellate court reversed the trial court's decision regarding the rescission action, however, as it went on to note that "haunting" was not a condition that a buyer or potential buyer of real property can and should be able to ascertain upon reasonable inspection of the property. According to the court, though the doctrine of "caveat emptor" would normally operate to bar a rescission action, causing seller to have no duty to disclose information about the property to be sold (but also preventing the seller from affirmatively
Patent caveat the caveat was so abused. Gray did eventually win a judgement in a US court vindicating his claims, but long after: Bell was forever after known as inventor of the telephone. "See the articles on Gray and Bell for details." The filing fee of $10 for a caveat was less costly than the filing fee $15 for a full patent application. As stated by the USPTO: "In 1861, the fee for obtaining a full patent was $35, of which $15 was to be paid at the time of application and $20 when the patent was granted. In 1922, the patent