please help me respond to my peers

peer 1

Good day everyone,

The phrase let the buyer beware is seen in the marketplace as caution when using a product. For example, some food items are made in factory that uses nuts in it's ingredients list for their products. In this sense the company will have a caution warning on their product so consumers who is allergic to nuts can see the warning and purchase the product at their own risk.

Sellers beware phrase can be seen in the marketplace as fraud. Working at a furniture company I have witness some fraud. Consumers can utilize credit cards that are stollen, some even bought the furniture with their own cards but called their bank and said it was not them. In these cases, the company keeps customer signature and IDs on file so they can prevent fraud and prevent charge backs.

peer 2

Caveat emptor is "let the buyer beware."

This is in which an individual buys at their own risk.

"Potential buyers are warned by the phrase to do their research and ask pointed questions of the seller. The seller isn't responsible for problems that the buver encounters with the product after the sale. The term is commonly used in real property transactions. It relates to adverse situations that may arise with real estate after the date of closing. It also applies to transactions that involve other types of goods, such as cars or items at thrift stores or yard sales." (Kagan, 2023)

Caveat Venditor, "Let the Seller Beware."

Here the seller is held responsible for all product defects or malfunctions unless they expressly disclaim responsibility for it.

An example I would say is a thrift store because it is very much buyer beware because your buying things at your own risk not knowing if there are any true defects to the item your buying.