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
What Does the Bee Do? What Does the Bee Do? "What Does the Bee Do?" is the fourth episode of the second season of the HBO television series "Boardwalk Empire", and 16th episode overall. First aired on October 16, 2011, it was written by executive story editor Steve Kornacki and directed by Ed Bianchi. Nucky looks to Rothstein for a port to receive alcohol, since the Coast Guard is blockading Atlantic City. Rothstein instructs Lansky and Luciano to oversee the Philadelphia delivery. Nucky also sends Owen Sleater to bomb Doyle's still. Margaret asks for 'money for the children' from Nucky, which she proceeds to hide