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
Buyer (fashion) a buyer may buy for a larger, less specialized range such as women's casualwear which may include shirts, skirts, pants, and jackets. The larger the retailer, the more specific the product area is for a buyer. Large companies that have a broad range of products often have separate buying departments for menswear, womenswear, and childrenswear. A buyer at a smaller retailer may buy name brand products while a large company buyer may have the opportunity to be involved in the design and development of the products. A buyer with experience will travel to learn new fashion trends and to visit