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
Know What I Mean? Know What I Mean? Know What I Mean? is a 1962 album by jazz musician Julian "Cannonball" Adderley, accompanied by Bill Evans and the rhythm section of the Modern Jazz Quartet. It was released on Riverside label as RLP-433. Barely noticeable on the album cover is a small picture of Bill Evans, directly underneath the sculpture to Adderley's right. The Allmusic review by Rick Anderson awarded the album 4 stars and states "It's hard to imagine any fan of mainstream jazz not finding much to love on this very fine recording". "The Penguin Guide to Jazz" awarded the album 3