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The acquisition of the adopted member is, however, of the nature of a universal succession; together with the share he has bought, he succeeds to the liabilities which the vendor had incurred towards the aggregate group. He is an Emptor Familiæ, and inherits the legal clothing of the person whose place he begins to fill.
In vain also was his endeavour to show that a man having only a donkey would be hopelessly embarrassed by having a cart for it which was entirely intended for animals of much larger size. The magistrate solemnly reiterated his decision, and wound up by saying that the victim had lost his case through disregard of the legal maxim caveat emptor let the purchaser be careful.
She was such a good buy they snapped her up without asking questions, though in all probability the poor devils had no knowledge of Kaiser Wilhelm's edict that no German ships shall be sold without the consent of the German Government. I will say that it looks to me as if the ancient rule of caveat emptor applied, and that the Mexicans are stung and have no comeback.
He almost laughed aloud as he pictured himself solemnly relating, in the presence of J. Augustus Redell and Live Wire Luiz, the tale of the ill-favored spruce, excusing his own mendacity the while on the ground that he wasn't a mind reader; that if the West Coast Lumber Company desired northern spruce they should have stipulated northern spruce; that, as alleged business men, it was high time they were made aware of the ancient principle of caveat emptor, which means, as every schoolboy knows, that the buyer must protect himself in the clinches and breakaways.
Our own Anglo-Saxon law laid down the maxim, "Caveat emptor!" "Let the buyer beware!" which meant that the truth notwithstanding, the buyer must not let the seller of anything cheat him by failure to state the exact facts or faults, and expect the law to remedy his stupidity.
They may have said the morality or justice of the use made of the money was no concern of theirs. They may have thought the security doubtful, and still relied on the broad guaranty of the Spanish nation. At any rate, caveat emptor!
Stern concludes his remarks by repeating the age-old advice: caveat emptor. Let depositors and creditors suffer losses. This will enhance their propensity to discipline market players. They are also likely to become more selective and invest in assets which conform to their risk aversion. Both outcomes are highly dubious.
Your paragraph Caton, the law Frater, the law Gallus, the law Quinque pedum, the law Vinum, the law Si Dominus, the law Mater, the law Mulier bona, to the law Si quis, the law Pomponius, the law Fundi, the law Emptor, the law Praetor, the law Venditor, and a great many others, are far more intricate in my opinion.
Caveat emptor becomes discredited as an unmodified basis of human action. The golden rule is increasingly seen to constitute a foundation demanded by economics as well as by ethics. The trend to-day is away from indifference to the interests of those with whom we deal.
"This new claimant will recover; since one who buys at a judicial sale, I find, buys under the doctrine of caveat emptor that is to say, at his peril. He takes his chance upon the title. The court does not insure it. If it is defective he loses both the money and the lands. And so," he added, "my ward will have no income to support her, and I decline to assume that burden."
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