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

New York courts continue to hold that <i>caveat emptor</i> ' 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 <i>caveat emptor</i> doctrine, while Real Property Law sections 462 and 465 limit the doctrine's significance in many residential transactions.

7 minute read December 28, 2011 at 08:29 AM
By
Stewart E. Sterk
What Is Left of <i>Caveat Emptor</i>?

New York courts continue to hold that caveat emptor ' let the buyer beware ' represents the general rule applicable to real property transactions.

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