Understanding the Doctrine of Caveat Subscriptor and Caveat Venditor
What is Caveat Venditor?
Caveat Venditor, meaning “let the seller beware,” is a legal doctrine that governs the sale of goods or property. Under this principle, the seller could be held liable if the item sold is found to be defective or substandard. The responsibility rests on the seller to ensure that the item meets the agreed-upon criteria or to clearly communicate any known defects.
Real-Life Example:
Carl’s Case: Imagine Carl sold a house that included a used refrigerator, washer, and dryer, none of which were functional. Under the doctrine of Caveat Venditor, Carl would be responsible for repairing or replacing these faulty appliances since he did not disclose their defective conditions. However, if he had sold these appliances in “as is” condition, he would face no liability for their malfunction.
What is Caveat Subscriptor?
Caveat Subscriptor translates to
Related Terms: Caveat Emptor, As Is Sale, Seller Disclosure Requirements.
