what replaced caveat emptor 
in general caveat venditor has replaced caveat emptor it means that sellers now need to be sure that their products and services function as advertised unless they re told otherwise buyers expect that items have an implied warranty and can be returned for a refund the bottom linecaveat emptor is a latin phrase that translates to let the buyer beware in use for hundreds of years in the u s it puts the burden of researching the quality of products and services on the buyer in a transaction it s often used when selling previously owned real estate these days caveat emptor isn t applied very often to other types of transactions that s due to regulations that are intended to provide consumers with more information and protection it s more likely that caveat venditor or let the seller beware applies 