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What Is Left of <i>Caveat Emptor</i>?

By Stewart E. Sterk

New York courts continue to hold that caveat emptor ' let the buyer beware ' represents the general rule applicable to real property transactions. Two recent appellate cases, however, illustrate continuing uncertainty about the remaining scope of the caveat emptor doctrine, while Real Property Law sections 462 and 465 limit the doctrine's significance in many residential transactions.

Margolin and Devine

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