alleryThe older market approach summed up as 'Let the buyer beware' is called:
ACaveat emptor
BCaveat venditor
CCaveat lector
DCaveat scriptor
Answer & Solution
Correct answer: A. Caveat emptor
1. The buyer carried the whole risk.
2. The newer view shifts that to the seller.
3. The older approach is caveat emptor.
_Source: syllabus Business Studies Part II, Chapter 12, Consumer Protection._
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