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The phrase caveat emptor and its use as a disclaimer of warranties arises from the fact that buyers typically have less information than the seller about the good or service they are purchasing. This quality of the situation is known as 'information asymmetry'. Defects in the good or service may be hidden from the buyer, and only known to the ...
The second book of the Code, the Book of Obligations, provided the basis from which consumers could bring product liability actions prior to the enactment of the CPL. [ 7 ] [ 8 ] The Consumer Protection Law (CPL) in Taiwan , as promulgated on 11 January 1994, and effective on 13 January 1993, specifically protects the interests and safety of ...
Information Negligently Supplied for the Guidance of others (1) One who, in the course of his business, profession or employment, or in any other transaction in which he has a pecuniary interest, supplies false information for the guidance of others in their business transactions, is subject to liability for pecuniary loss caused to them by ...
A bona fide purchaser (BFP) – referred to more completely as a bona fide purchaser for value without notice – is a term used predominantly in common law jurisdictions in the law of real property and personal property to refer to an innocent party who purchases property without notice of any other party's claim to the title of that property.
In business dealings, buyers and sellers often encounter information asymmetry. For example, manufacturers may generally be more accurate than suppliers in predicting demand for their products. Another example is the acquisition of a company in which senior management of the target company has a deeper understanding of the information and value ...
(Reuters) -Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to ...
Inducing a breach of contract was a tort of accessory liability, and an intention to cause a breach of contract was a necessary and sufficient requirement for liability; a person had to know that he was inducing a breach of contract and to intend to do so; that a conscious decision not to inquire into the existence of a fact could be treated as ...
Bayside Mitsubishi's sudden closure leaves customers with unpaid trade-in loans and no paperwork. Legal battles and financial woes deepen the crisis—customers want someone to take accountability.
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