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Updated: May 10, 2025
He merely follows the golden maxim of 'caveat emptor', and, like the petty shopkeeper, thinks he is justified in cheating those who are too stupid to look after their own interests, and too ignorant or too feeble to enforce their just dues.
And so I take leave of the Skye terrier with a caveat emptor to the purchaser who does not want to be sold while he buys. The sense of humor must surely exist in individual dogs; otherwise it would puzzle me to account for the singular practical jokes played off by a water-spaniel once possessed by me.
Behind that legal Latin maxim, "Caveat emptor," the merchant stood for centuries, safely entrenched. It was about Eighteen Hundred Sixty-five that it came to John Wanamaker, a young merchant just starting business in Philadelphia, that the law is wrong in assuming that buyer and seller stand on a parity, and have an equal opportunity for judging values.
The abuses, the necessary reforms of company law on earth, are no concern of ours here and now, suffice it that in a Modern Utopia such laws must be supposed to be as perfect as mortal laws can possibly be made. Caveat vendor will be a sound qualification of Caveat emptor in the beautifully codified Utopian law.
For reasons that will appear, certain of those Apocalyptic Utterances by Perpetual President Maupertuis have since got a new interest, and one has actually a kind of wish to read the IPSISSIMA VERBA of them, at this date! CAVEAT EMPTOR. Our Excerpt proceeds:
Meanwhile you trust at your peril, caveat emptor, your eyes are your market, or words to similar effect. Of course he could cause her to be apprehended by the police, yet such a course was unthinkable; it would violate every rule of the game; it would complicate relations with Germany, and afford her adequate ground for reprisals on our secret agents.
"A man is wrong if he attempts to carry a weight too great for his strength." "A certain nervous sensitiveness, from which you should free yourself as from a disease, is your only source of weakness. Think about your business as a shoemaker thinks of his. Do your best, and then let your customers judge for themselves. Caveat emptor.
But there is something in Latin about caveat emptor, which is short for "Let the buyer beware!" and if Judson Eells was so foolish as to build his road first that was certainly no fault of Wunpost's. All he had done was to locate the hole, and then Judson Eells had jumped it; and if, as a result thereof, Wunpost had trimmed him of twenty thousand, that was nothing to what Eells had done to him.
And the seller has all the variants of caveat emptor ready to retort.
It is, however, beyond the power of Parliament to settle the terms which shall be fair. "Caveat emptor" is the only rule by which fair rents may be reached.
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