Caveat emptor Caveat emptor Caveat emptor (, ) is Latin for "Let the buyer beware" (from "caveat", "may he beware", a subjunctive form of "cavēre", "to beware" + "ēmptor", "buyer"). Generally, "caveat emptor" is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase "caveat emptor" and its use as a disclaimer of warranties arise from the fact that buyers typically have less information about the good or service they are purchasing, while the seller has more information. The quality of this situation is known
Steve Buyer Steve Buyer Stephen Earle Buyer ( ; born November 26, 1958) is the former U.S. Representative for , and previously the , serving from 1993 until 2011. In 2012, Buyer started working for R.J. Reynolds, promoting the use of smokeless tobacco. He is a member of the Republican Party. Buyer holds the rank of Colonel in the United States Army Reserve. On January 29, 2010, Buyer announced he would not seek a tenth term to the House to spend more time with his wife, who has an incurable autoimmune disease. In January 2011, Buyer became a lobbyist for McKesson Corp.