Latin Legal Terms

Emptor

Emptor – this Latin noun means “buyer”. Within the Commercial Law, this is a person who is paying a sum of money towards another person, called “a seller” or “provider” against receipt of item or service. This is why there is the maxim in practice “Emptor emit quam minimo potest, venditor vendit quam maximo potest’, which translates as: the purchaser buys for as little, the seller sells for as much, as he can.
In the commercial law finds application the term “caveat emptor”, that means “let the buyer beware”. It express the legal principle that the purchaser should inspect without invitation if the purchased item is proper condition and shape. “Caveat emptor” also could refer to the liability of the seller is towards the buyer for shortcomings or defects of the purchased item.
In practice, the word participates also in the term “Emptor bonorum” which in the area of Property Law refers to the figure of purchaser of real estates (i.e. the investor). In the Insolvency Law, it could detail the creditor (for example who participates during the insolvency procedure against the debtor).

Popular Posts



Bear that none of the listings on this dictionary and its explanations does not represent legal advice, and should not be considered applicable to any individual case or legal suit. All the definitions and interpretations have been stipulated with a theoretical purpose only to deliver more concrete information to the visitor of the website about the term or phrase itself.