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 "Bloomberg credits "The Bond Buyer" for reporting facts first, end of story: Moody's Asks Municipalities to Indemnify Firm on Ratings". Retrieved August 26, 2010. ^ "Bloomberg credits "The Bond Buyer" for reporting facts first, 3rd paragraph: Build America Bond Subsidy Cost May Increase by $6 Billion, CBO Estimates". Retrieved August 20, 2010. ^ "Bloomberg credits "The Bond Buyer" for reporting facts first, 6th paragraph: New Jersey Seeks Adviser on Plan to Tap $1 Billion of Unspent Bond Funds". Retrieved August 10, 2010. The Bond Buyer The Bond Buyer is a century-old daily national trade newspaper based in New York City