ABSTRACT
C a v e a t e m p t o r , thelegaldoctrinethatholdsthebuyerresponsibleforjudgingthemeritsofwhathebuys,isamereconvention.I t operatedinAnglo-Americanlawforonlyashort time,andithasbeensteadilysupersededbytheoppositeconventionthatmakesthesellermorenearlyresponsibleforgiving thebuyerwhathereallywantsandliableforsomelossesarisingfromhiddendefectsinthegoodshesells.Thedisplacementofc a v e a t empt01'hasmeantthatlossesduetoaccidental faultsnolongerfallontheunluckybuyeralonebutaredistributedinsteadamongallbuyers,eachofwhompaysasmall insurancepremiumintheformofslightlyhigherpricesto coverthecoststhatthesellerencountersasaresultofhisincreasedliability.
