Caveat Emptor Rule In Commercial Law

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01. Introduction
Commercial law basically means that the business law or corporate law. It’s engaged with the trade, sales and commerce. It is the duty to seller to deliver the goods to the buyer and buyer bound to accept and pay for them (section 27) . Unless otherwise delivery of the goods and payment of price are concurrent condition and also section 16 to 19 SOG 1979 regarded that the rules of delivery whether if the seller and buyer where in a contract and seller liable to send the goods to the buyer. However this dissertation is attempted to study and review the sellers’ duty giving according to the terms of the contract and according to rules contained in the Sale of Goods Act 1979 and also in the purpose of this dissertation to discuss
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Caveat emptor rule regarded that the buyer must be carefully purchasing the goods and if he negligently purchase defective goods he cannot refuse the contract of sale. In this rule illustrated by the case of Ward v Hobbs court held that buyer cannot blame to the seller because of his negligence. However in the case of Vorley v Whipp court decided that delivered goods are not as per given portrayal so Caveat emptor rule is not appropriate and thus purchaser can renounce the agreement, as well as in the case of Chandelor v Lopus court held that, there is no evidence to finding the defendant liable for this matter because of the absence of any written warranty. However regarding these Judgments Caveat emptor was as yet alive when in doubt yet many courts were going a somewhat unique way. This was the reason for the writing the draft of Sale of Goods Act in 1889 after four years of hard work and finally bill was ready and passed in 1893…show more content…
The Sale of Goods Act 1893 is thought to be great case of an arranging statute and it is established Judge-made custom based law standards. This act of parliament was very much drafted that, when it was cancelled and reenacted the successor Sale of Goods Act 1979 . The new Sale of Goods Act 1979 has been introduced as a result of the development of commercial transaction. However this act having a similar structure expressiveness and numbering as the 1893

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