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What is the Doctrine of Caveat Venditor and what is its purpose?
Wiki User
∙ 13y ago
Caveat venditor is in contrast to the legal doctrine of caveat emptor, or, let the buyer beware. The doctrine of caveat vendor establishes a set of good business practices that protect the seller. The seller must verify the authority of the buyer to contract on behalf of their company. Ask for certificates of authority. Typically, a seller should make appropriate inquiries as to the authority of the buyer and the quality of the payment: In other words, verify payment for goods and/or services prior to their delivery. The seller with any doubts can ask for a cashier's check. The seller must be alert to checks received for payment that show a notation of "payment in full" when the payment is not in full. Keep copies of all checks to monitor the authorized signatures.
For the small business the practice of using "PayPal" services for internet sales is a good example of the doctrine of caveat venditor in action. By using that service the seller is guaranteed that payment is made before the goods are delivered. For a good discussion see the link provided below.
Wiki User
∙ 13y ago
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Caveat venditor is a protection against caveat emptor. Discuss?
We are very familiar with the warning, let the buyer beware, but it is also true that vendors face risks as well. Checks can bounce.
What did the ancient Romans call a person who sells something?
A salesman or a seller in Latin is a "venditor".
What was the purpose of Truman doctrine and NATO?
No
What is the philosophical doctrine that the universe has purpose?
The philosophical doctrine which suggests that the universe has purpose is called teleology. Teleology also suggests that the universe has a designer.
What is a philosophical doctrine that considers the purpose of things?
rationalism
What describes the purpose of Monroe doctrine?
limits European influence in the Western Hemisphere
What doctrines purpose was to free the western hemisphere from European influence?
Monroe doctrine
When did Monroe propose the Monroe Doctrine?
The Monroe Doctrine was sighned December 2nd, 1823.
How do you use the word caveat?
A caveat can be a warning; or a qualification or exception. She gave me her ice cream cone without caveat. (without qualification or exception)
What was the purpose of the Eisenhower's doctrine?
Eisenhower Doctrine, allowed a country to request economic assistance and/or military assistance from the United States if it was being threatened by armed aggression from another state. Its over arching purpose was to contain the spread of communism.
What was the purpose of Eisenhower's doctrine?
Eisenhower Doctrine, allowed a country to request economic assistance and/or military assistance from the United States if it was being threatened by armed aggression from another state. Its over arching purpose was to contain the spread of communism.
When was Caveat Emptor EP created?
Caveat Emptor EP was created in 2005.
