In the context of the Sale of Goods Act, 1930, “caveat emptor” means

Caveat emptor means that the buyer must beware: the general rule places responsibility for assessing suitability on the buyer. Section 16 nevertheless creates important exceptions, including reliance on the seller for a disclosed purpose and merchantable quality in qualifying sales by description. The maxim does not itself mean an unrestricted seller duty to disclose every defect or a universal warranty.