"by phone, also have a statutory ""cooling off"" period of fourteen calendar days during which the purchase contract can be cancelled and treated as if not done. Although no longer applied in consumer law, the principle of ""caveat emptor"" is generally held to apply to transactions between businesses unless it can be shown that the seller had a clear information advantage over the buyer that could not have been removed by carrying out reasonable due diligence. ""Caveat venditor"" is Latin for ""let the seller beware."" In the landmark case of ""MacPherson v. Buick Motor Co."" (1916), New York Court Appeals"
"cautionem is qui licitatione vicerit oﬀerre paratus sit."" Translated: “A tax lease that has been inflated beyond the usual sum due to bidding fever shall only be admitted if the winner of the auction is able to provide reliable bondsmen and securities.” Certain contemporary consumer psychologists attribute bidding-fever to the pleasure derived from winning an auction, as opposed any particular desire to own the object being sold at auction. The irrational behavior focused on the success of acquiring an object is sometimes referred to be the related terms ""loser's curse"" and ""winner's curse"". Calor licitantis Calor licitantis is a Latin"
"Chandelor v Lopus Chandelor v Lopus (1603) 79 ER 3 is a famous case in the common law of England. It stands for the distinction between warranties and mere affirmations and announced the rule of ""caveat emptor"" (buyer beware). A man paid £100 for what he thought was a bezoar stone. This is a stone that forms in animals' intestinal systems, and was believed to have magical healing properties. The seller said it was a bezoar stone, which turned out to be false. The buyer sued for the return of the £100 purchase price. How the claimant discovered that the"
"Beware of the dog Beware of the dog (also rendered as Beware of dog) is a warning sign indicating that a dangerous dog is within. Such signs may be placed to deter burglary even if there is no dog. Warning signs of this sort have been found in ancient Roman buildings such as the House of the Tragic Poet in Pompeii, which contains a mosaic with the caption ""cave canem"" (). Some suppose that these warnings may sometimes have been intended to prevent visitors from stepping upon small, delicate dogs of the Italian Greyhound type. Under English law, placing such"
"famous inscription ""Salve, lucru"" (""Welcome, profit"") indicates a trading company owned by two partners, Sirico and Nummianus (but this could be a nickname, since ""nummus"" means ""coin; money""). Other houses provide details concerning professions and categories, such as for the ""laundry"" workers (""Fullones""). Wine jars have been found bearing what is apparently the world's earliest known marketing pun (technically a blend), ""Vesuvinum"" (combining Vesuvius and the Latin for wine, vinum). The numerous graffiti carved on the walls and inside rooms provides a wealth of information regarding Vulgar Latin, the form of Latin spoken colloquially rather than the literary language of"
"Calor licitantis Calor licitantis is a Latin phrase, the literal translation of which is, ""heat of soliciting."" The functional use of the phrase in both modern times and antiquity is ""bidder's heat"". This is also known as ""auction fever"". The phenomenon of calor licitantis is believed to be as old as auctions themselves. This term was first used in the court system of Rome to describe the irrational behavior of bidders at auctions. The use of the phrase seemed to describe both the mental state of the bidder and the result of that state; specifically, that through the bidding process"
"a Latin phrase, which in law, describes someone taking precautions against a very remote contingency. By strictly adhering to article 368, the provision is intended to ensure the validity of the procedure adopted, but also guard against the possibility of violation of the spirit and scheme of that article 29 by the consideration of a Bill seeking to amend the Constitution including its consideration clause by clause being concluded in the House with only the bare quorum present. Voting at all the above stages is by division. However, the Speaker may, with the concurrence of the House, put any group"
"without any apparent owner). Eventually a foreigner could rely upon the ""ius gentium"" (the right of the nations) in lieu of a treaty. Nevertheless, the bond of ""commercium"" meant more than this. It meant that the Latin was admitted to the Roman methods of acquiring property and of contracting obligations. In ""Ulpian""'s words """"Commercium est emendi vendendique invicem ius"""" (Commerce is the right of buying and selling with each other) does not quite get across the actual definition of the right of ""commercium"", therefore it must be taken as giving only a rough description of the term. Commercium Latin Language,"
"In terrorem In terrorem, Latin for ""into/about fear"", is a legal threat, usually one given in hope of compelling someone to act without resorting to a lawsuit or criminal prosecution. For example, many intellectual property attorneys send ""in terrorem"" letters, which threaten litigation absent compliance with the written request, to persons that are violating their clients' trademark rights before resorting to court proceedings. ""In terrorem"" clauses (referred to in English as No-contest clauses) are also used in wills to keep beneficiaries from contesting the will by either completely disinheriting them from any share, or reducing their share to a nominal"
"In terrorem In terrorem, Latin for ""into/about fear"", is a legal threat, usually one given in hope of compelling someone to act without resorting to a lawsuit or criminal prosecution. For example, many intellectual property attorneys send ""in terrorem"" letters, which threaten litigation absent compliance with the written request, to persons that are violating their clients' trademark rights before resorting to court proceedings. ""In terrorem"" clauses (referred to in English as No-contest clauses) are also used in wills to keep beneficiaries from contesting the will by either completely disinheriting them from any share, or reducing their share to a nominal"
"Comprador A comprador or compradore () is a ""person who acts as an agent for foreign organizations engaged in investment, trade, or economic or political exploitation"". A comprador is a native manager of European business houses in East and South East Asia, and, by extension, social groups that play broadly similar roles in other parts of the world. The term ""comprador"", a Portuguese word that means ""buyer"", derives from the Latin ""comparare"", which means ""to procure"". The original usage of the word in East Asia meant a native servant in European households in Guangzhou in southern China or the neighboring"
"needles, to be ready for use at home in no time.” The plate also includes a trademark in the form of a 'White Rabbit"", which signified good luck and was particularly relevant to women, who were the primary purchasers. Details in the image show a white rabbit crushing herbs, and text includes advice to shoppers to look for the stone white rabbit in front of the maker's shop. In ancient Rome, a commercial brand or inscription applied to objects offered for sale was known as a titulus pictus. The inscription typically specified information such as place of origin, destination, type"
"to the labeling of certain persons associated with the industry as 'dot.compradors'. Comprador A comprador or compradore () is a ""person who acts as an agent for foreign organizations engaged in investment, trade, or economic or political exploitation"". A comprador is a native manager of European business houses in East and South East Asia, and, by extension, social groups that play broadly similar roles in other parts of the world. The term ""comprador"", a Portuguese word that means ""buyer"", derives from the Latin ""comparare"", which means ""to procure"". The original usage of the word in East Asia meant a native"
"Latent defect In the law of the sale of property (both real estate and personal property or chattels) a latent defect is a fault in the property that could not have been discovered by a reasonably thorough inspection before the sale. The general law of the sale of property is caveat emptor (let the buyer beware) and buyers are under a general duty to inspect their purchase before taking possession. However, it is understood at law that inspection is often not sufficient to detect certain deficiencies in the product that can only be discovered through destructive testing or other means"
"the buyer knowing its true nature or value, especially when buying without inspecting the item beforehand. The phrase can also be applied to accepting an idea or plan without a full understanding of its basis. Similar expressions exist in other European languages, most of them referring to the purchase of a cat in a bag. This trick may be the origin of the expression ""letting the cat out of the bag"", meaning ""to reveal that which is secret"" (if the would-be buyer opened the bag, the trick would be revealed). In the April 1929 edition of the literary magazine ""London"
"Latin ""caupo, caupon-"" ""petty tradesman, huckster,"" of unknown ulterior etymology. From the German the word was borrowed into the Slavic languages (Old Slavic koupiti, modern Russian купить, etc.), the Baltic languages (Old Prussian ""kaupiskan"" “trade, commerce,” Lithuanian ""kὑpczus"" “merchant”) and Finnish ""kaupata"" “to sell cheaply.” In the Romance languages, however, the word has not survived. People with the surname or nickname Chapman include: Chapman (surname) Chapman is an English surname derived from the Old English occupational name ""céapmann"" “marketman, monger, merchant”, from the verb ""céapan, cypan"" “to buy or sell” and the noun form ""ceap"" ""barter, business; a purchase."" Alternate"
"to evolve a doctrine of implied warranty. This judgment predated a common law recognition of fraudulent misrepresentation by 180 years. Chandelor v Lopus Chandelor v Lopus (1603) 79 ER 3 is a famous case in the common law of England. It stands for the distinction between warranties and mere affirmations and announced the rule of ""caveat emptor"" (buyer beware). A man paid £100 for what he thought was a bezoar stone. This is a stone that forms in animals' intestinal systems, and was believed to have magical healing properties. The seller said it was a bezoar stone, which turned out"
"be discovered by a reasonable inspection. Latent defect In the law of the sale of property (both real estate and personal property or chattels) a latent defect is a fault in the property that could not have been discovered by a reasonably thorough inspection before the sale. The general law of the sale of property is caveat emptor (let the buyer beware) and buyers are under a general duty to inspect their purchase before taking possession. However, it is understood at law that inspection is often not sufficient to detect certain deficiencies in the product that can only be discovered"
"a sign does not relieve the owner of responsibility for any harm which may come to people attacked by the dog. Beware of the dog Beware of the dog (also rendered as Beware of dog) is a warning sign indicating that a dangerous dog is within. Such signs may be placed to deter burglary even if there is no dog. Warning signs of this sort have been found in ancient Roman buildings such as the House of the Tragic Poet in Pompeii, which contains a mosaic with the caption ""cave canem"" (). Some suppose that these warnings may sometimes have"
"medieval Latin, and can be translated as ""because the buyers"". By effectively ending the practice of subinfeudation, ""Quia Emptores"" hastened the end of feudalism in England, which had already been on the decline for quite some time. Direct feudal obligations were increasingly being replaced by cash rents and outright sales of land which gave rise to the practice of ""livery and maintenance"" or bastard feudalism, the retention and control by the nobility of land, money, soldiers and servants via direct salaries, land sales and rent payments. This would later develop into one of the underlying causes of the Wars of"
"meaning in Latin, but is Dog Latin. In other words, this is a Latin-English pun and this sentence can only be mock-translated. The first word ""illegitimi"" or ""illegitimis"" is the plural of ""illegitimus"", which actually translates to ""unlawful"" or ""outlaw"" but resembles the English ""illegitimate"". The second word is a straightforward negation. The third word ""Carborundum"" sounds like an industrial abrasive material also known as silicon carbide used in industry since 1890, hence the meaning of “grinding”. This is not a Latin word, but because the ending of ""carborundum"" looks like Latin gerundive, the word is read as “fit to"
"Commercium (Roman) Commercium is a legal term relating to ancient Roman Law. The term refers to the general rule that the law of a community was for the members of that community only, and that the stranger was without rights. ""Commercium"" was the chief of the private rights, which Latin cities had originally not only with Rome but with each other. If a foreigner had no treaty to the contrary with the city in which he or she entered, that foreigner could be seized and enslaved then their goods could be taken as ""bona vacantia"" (vacant goods, meaning things found"
"(but wishes that it would). Verb of fearing In Latin grammar, a verb of fearing is one that pertains to fear or concern (often ""timeo"", ""terreor"", ""metuo"", and ""vereor""). This set of verbs is grammatically notable because it inverts the sense of a following purposive clause, at least relative to the intuition of speakers of many non-Latin languages. A verb of fearing followed by a ""ne"" purposive clause means that the subject fears that the event ""will"" happen (but wishes that it would not). A verb of fearing followed by an ""ut"" purposive clause means that the subject fears that"
"prefer ""customer"" The term client is derived from Latin ""clientem"" or ""clinare"" meaning ""to incline” or “to bend,"" and is related to the emotive idea of closure. It is widely believed that people only change their habits when motivated by greed and fear Winning a client is therefore a singular event, which is why professional specialists who deal with particular problems tend to attract one-time clients rather than regular customers. Clients who habitually return to a seller develop customs that allow for regular, sustained commerce that allows the seller to develop statistical models to optimize production processes (which change the"
"period"" where the consumer may change his mind. If a seller wishes to enter into such a market, it is the seller's risk to do so: caveat vendor. That risk cannot be transferred to the consumer. All credit contracts are covered by the Act. Responsibility for issuing credit is that of the creditor, that is, the merchant. The Act requires all creditors to inform them of any issuance. It is perfectly legal to ask the consumer to pay a premium for credit card purchases or any other form of credit, or to buy a car or motorcycle on lease, but"
"of the thing he is selling, but in fact is not? Such sales are, of course, valid, but ever since Roman days the law has said that a person who buys and takes possession of property from such a seller has no action unless and until he is threatened with eviction by someone with better legal title to the property (usually the true owner). The action arises in such circumstances out of what is known as the warranty against eviction. The warranty requires of the seller that he do whatever is legally possible to protect the buyer in his possession"
"Cessio bonorum Cessio bonorum (Latin for a surrender of goods), in Roman law, is a voluntary surrender of goods by a debtor to his creditors. It did not amount to a discharge unless the property ceded was sufficient for the purpose, but it secured the debtor from personal arrest. The creditors sold the goods as partial restoration of their claims. The procedure of ""cessio bonorum"" avoided infamy, and the debtor, though his after-acquired property might be proceeded against, could not be deprived of the bare necessaries of life. The main features of the Roman law of ""cessio bonorum"" were adopted"
"Delator Delator (plural Delatores) is Latin for a denouncer, i.e. who indicates to a court another as having committed a punishable deed. In Roman history, properly one who gave notice (""deferre"") to the treasury officials of monies that had become due to the imperial fisc. This special meaning was extended to those who lodged information as to punishable offences, and further, to those who brought a public accusation (whether true or not) against any person (especially with the object of getting money). Although the word ""delator"" itself, for ""common informer,"" is confined to imperial times, the right of public accusation"
"used in the reports of the House of Lords. Instead, an expression such as ""Their Lordships took time to consider"", or ""Their Lordships took time for consideration"" will be found. In the Scottish courts, the word avizandum is used similarly. Curia advisari vult Curia advisari vult is a Latin legal term meaning ""the court wishes to consider the matter"" (literally, ""the court wishes to be advised""), a term reserving judgment until some subsequent day. It often appears in case reports, abbreviated as ""Cur. adv. vult"", or sometimes ""c.a.v."" or ""CAV"", when the bench takes time for deliberation after hearing counsel's"
"Curia advisari vult Curia advisari vult is a Latin legal term meaning ""the court wishes to consider the matter"" (literally, ""the court wishes to be advised""), a term reserving judgment until some subsequent day. It often appears in case reports, abbreviated as ""Cur. adv. vult"", or sometimes ""c.a.v."" or ""CAV"", when the bench takes time for deliberation after hearing counsel's submissions. In the case under consideration, the effect of the order is that nothing is adjudged and the Court will relist the matter to deliver judgment but may hear further argument. The court remains seized of jurisdiction and may make"
"Bona fide purchaser A bona fide"" purchaser (BFP)referred to more completely as a bona fide"" purchaser for value without notice is a term used predominantly in common law jurisdictions in the law of real property and personal property to refer to an innocent party who purchases property without notice of any other party's claim to the title of that property. A BFP must purchase for value, meaning that he or she must pay for the property rather than simply be the beneficiary of a gift. Even when a party fraudulently conveys property to a BFP (for example, by selling to"
"tell, speak""), and the abstract noun ""religio"". Parties to legal proceedings and contracts bound themselves to observance by the offer of sacrifice to witnessing deities. Even though the word ""lex"" underwent the frequent semantic shift in Latin towards the legal area, its original meaning of set, formulaic words was preserved in some instances. Some cult formulae are ""leges"": an augur's request for particular signs that would betoken divine approval in an augural rite (augurium), or in the inauguration of magistrates and some ""sacerdotes"" is named ""legum dictio"". The formula ""quaqua lege volet"" (""by whatever lex, i.e. wording he wishes"") allowed"
"Nasciturus pro iam nato habetur, quotiens de commodis eius agitur ""Nasciturus pro iam nato habetur, quotiens de commodis eius agitur"" is a Latin legal maxim that refers to a law that grants or protects the right of a foetus to inherit property. The maxim translates to: ""The unborn is deemed to have been born to the extent that his own benefits are concerned"". ""Nasciturus"" literally translates to ""one who is to be born"" and refers to a conceived foetus, i. e., a living child who has not yet been born. Pursuant to this legal principle, the foetus is presumed to"