We backed out of the deal
We found a great motorhome! It had everything we needed at a price we could afford. We agreed to purchase and the owner drove it to our home and parked it in the driveway. We spent the evening just...
Forum Discussion
A person is only as good as his word, if a deal was made stand by it.
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 arises from the fact that buyers often have less information about the good or service they are purchasing, while the seller has more information. Defects in the good or service may be hidden from the buyer, and only known to the seller. Thus, the buyer should beware.
The time to inspect thoroughly is before a deal is reached.
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 arises from the fact that buyers often have less information about the good or service they are purchasing, while the seller has more information. Defects in the good or service may be hidden from the buyer, and only known to the seller. Thus, the buyer should beware.
The time to inspect thoroughly is before a deal is reached.
