Explain the guideline for business transactions

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Discuss the given problem

Problem- For centuries the guideline for business transactions was the Latin term caveat emptor (let the buyer beware). This principle suggests that the seller is not responsible for the buyer's welfare. Is this principle still appropriate in modern business transactions? Why or why not?

Part 1- Have you ever had an incident where you felt you were tricked or misled by the salesperson? Please explain.

I need help to explain the guideline for business transactions.

Reference no: EM13714728

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