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caveat emptor

caveat: may he/she beware. emptor: buyer. caveat emptor is Latin for “Let the buyer beware”. Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods.

The phrase caveat emptor and its use as a disclaimer of warranties arises from the fact that buyers typically have less information than the seller about the good or service they are purchasing. This quality of the situation is known as information asymmetry. Defects in the good or service may be hidden from the buyer, and only known to the seller.

caveat emptor is a short form of Caveat emptor, quia ignorare non debuit quod jus alienum emit: “Let a purchaser beware, for he ought not to be ignorant of the nature of the property which he is buying from another party.”

A common way that information asymmetry between seller and buyer has been addressed is through a legally binding warranty, such as a guarantee of satisfaction.

A Latin term

Buying a used Tesla

Here’s a good example of the need to do your homework, your due diligence, before making a major purchase.

When car salesmen lie

An older video, but very clever.

Robert De Niro sells cars

Vulgar, but humorous.

“What are you thinking about?”

A comment on YouTube: “They are obviously Deep in Thought.”

Wily

Surreptitious: kept secret, especially because it would not be approved of. From Latin surreptitius: secretly and seize.

Sneaky: furtive, sly, reluctant.

Wily: skilled at gaining an advantage, especially deceitfully.

Clever: quick to understand, learn, and devise or apply ideas; intelligence. Derived from Middle English perhaps of Dutch or Low German origin. In the late 16th century, the term came to mean manually skillful. The sense of possessing mental agility dates to the early 1700s.

English words used wrongly

Deutsche Welle – There are lots of English words the Germans use wrongly. A German “Public Viewing” is great fun. An English public viewing? Not so much. These are typical false friends.

Rachel Stewart takes a look at some English words that have taken on a whole new meaning in Germany. Rachel is on a mission to investigate the idiosyncrasies of daily life in Germany. Every two weeks she explores a new topic – from beer to nudity to complicated grammar.

Rachel moved from the UK to Germany in 2016. As a relative newcomer she casts a fresh eye over German clichés and shares her experiences of settling into German life.

Willing to argue

The dictionary defines streitbar as follows: [constantly] prepared, having the will to, argue, with someone over something, to critically and activelydispute something; to fight for or about something, to take a stand for something or someone, a fighter; [older] prepared for battle; warrior-like, brave.

The adjective streitbar has a very positive connotation in the German language. In recalling famous persons one often reads the sentence Er war streitbar – he was streitbar.

Politicians are ever more frequently characterized as being streitbar. Streitbar does not mean that one seeks out conflicts in a negative sense. Rather, it means to stand up for ones beliefs, and not avoid serious confrontations.

More False Friends

Deutsche Welle – Languages borrow words from each other all the time. But if the meaning gets changed along the way, things can get pretty confusing. Meet the Germans presenter Rachel Stewart takes a look at some more English words that have been given a new meaning in Germany.

Rachel is on a mission to investigate the idiosyncrasies of daily life in Germany. Every two weeks she explores a new topic – from beer to nudity to complicated grammar.

Rachel moved from the UK to Germany in 2016. As a relative newcomer she casts a fresh eye over German clichés and shares her experiences of settling into German life. You’ll find more from Meet the Germans on YouTube or at dw.com/MeettheG