Miscellaneous Provisions

Indian Contract Act (ICA)1872

Title

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Indian Economy - Understanding the basics of Indian economic system

------- is the concept of “Let the buyer beware”.

Unfair trade practices

Caveat venditor

Caveat emptor

None of the above

- Option 1: Unfair trade practices

- These involve deceptive, fraudulent, or unethical methods to gain business advantage.

- They are actions that harm consumers or other businesses.

- Option 2: Caveat venditor

- This means "let the seller beware."

- It signifies that sellers are responsible for any issues with the product.

- Option 3: Caveat emptor

- This translates to "let the buyer beware."

- It implies that buyers must perform due diligence before purchasing.

- Option 4: None of the above

- This option is used when no other options are applicable.

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