QUESTION :- The exceptions to the rule of Caveat Emptor have now become more prominent than the rule itself. The rule owes its origin to the times, when nearly all sales took place in the market. The buyer and the seller came face to face, the seller exhibited his wares, the buyer examined them and bought them if he liked. But as trade grew and assumed global dimensions, it became difficult for buyers to examine goods beforehand, most transitions being concluded by correspondence. Further on account of the complex structure of modern goods, it is only the sellers who can assure the contents and quality of goods. For these reasons it became necessary to restrict the rule of Caveat Emptor by grafting a few exceptions upon its scope.

Discuss the essence of these exceptions with the help of some cases (Make your own cases).Throw some light on how the concept is fading away and getting replaced by a newer concept of Caveat Venditor.( 600 WORDS )