Multiple choice

Provisions relating to doctrine of caveat emptor are laid down in the

  1. Sale of Goods Act, 1930

  2. Indian Contract Act, 1872

  3. Indian Partnership Act, 1932

  4. Companies Act, 1956

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A Correct answer
Explanation

(1) Caveat emptor defines a maxim “qui ignorare non debuit quod jus alienum emit” which means let the purchaser beware; who ought not to be ignorant that he is purchasing the rights of another. Upon a sale of goods, the general rule with regard to their nature or quality is caveat emptor.