Praxis 5004 Practice Test Practice Question
Which of the following describes the principle of caveat emptor, or let the buyer beware?
Correct Answer: B
Rationale: Caveat emptor, or "let the buyer beware," emphasizes the responsibility of consumers to thoroughly evaluate products before making a purchase. This principle highlights the need for vigilance and due diligence, making option B the most accurate choice.
Option A misrepresents the principle, suggesting it permits fraud, which is not the case. Option C incorrectly implies that manufacturers are obligated to provide guarantees, which is not a requirement under caveat emptor. Lastly, option D inaccurately suggests that this principle favors buyers in financial dealings, whereas it actually places the onus on them to ensure they are making informed choices.
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