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
Buyer lowest cost. This usually requires research, writing requests for bids, proposals or quotes, and evaluating information received. Buyer A buyer is any person who contracts to acquire an asset in return for some form of consideration. When someone gets characterized by their role as a buyer of certain assets, the term "buyer" gets new meaning. For example, a "buyer" is a person who purchases finished goods, typically for resale, for a firm, government, or organization; while a person who purchases material used to make goods is sometimes called a purchasing agent. In product management, the buyer is the entity that