Caveat emptor by phone, also have a statutory "cooling off" period of fourteen calendar days during which the purchase contract can be cancelled and treated as if not done. Although no longer applied in consumer law, the principle of "caveat emptor" is generally held to apply to transactions between businesses unless it can be shown that the seller had a clear information advantage over the buyer that could not have been removed by carrying out reasonable due diligence. "Caveat venditor" is Latin for "let the seller beware." In the landmark case of "MacPherson v. Buick Motor Co." (1916), New York Court Appeals
The Bond Buyer like the paper, is viewable to paid subscribers. ^ "Financial Times Blog, ft.com/alphaville, cited "The Bond Buyer", 1st paragraph: Adventures at the long end of the muni yield curve". Retrieved May 11, 2011. ^ "WSJ follows"The Bond Buyer's" GOP Reps File Bill to Sanction Municipalities for Pension Fund Lapses". Two days after "The Bond Buyer" broke the story. Retrieved December 5, 2010. ^ "Aolnews.com cites "The Bond Buyer's" factual reporting on California's debt rating, 6th paragraph: California's Massive Debt Is for Sale, So Who's Buying?". Retrieved November 12, 2010. ^ "Business Insider Blogger Gus Rubin cites "The Bond Buyer", 1st