Asked by
Kwanruan Srisamer
on Nov 10, 2024
Verified
The principles of freedom of contract and caveat emptor have been completely done away with by the Sale of Goods Act.
Freedom of Contract
The principle that individuals have the liberty to freely enter into contracts and agree on terms without undue interference.
Caveat Emptor
Latin for "let the buyer beware," indicating that the buyer assumes the risk for the quality and condition of goods purchased unless protected by warranty.
Sale of Goods Act
Legislation governing the sale of goods, prescribing the rights and duties of buyers and sellers.
- Evaluate the extent to which the principles of freedom of contract and caveat emptor are affected by the Sale of Goods Act.
Verified Answer
AJ
Learning Objectives
- Evaluate the extent to which the principles of freedom of contract and caveat emptor are affected by the Sale of Goods Act.