Which of the Following Is a Criticism of the Strict

question 63

Multiple Choice

Which of the following is a criticism of the strict application of the common law maxim,caveat emptor?

• A) It was not codified.
• B) It unfairly favours the purchaser.
• C) It is too costly to enforce.
• D) It often produces unfair results.

---

Definitions:

Market Maker

An entity that buys and sells large quantities of a particular asset to facilitate liquidity and efficiency in financial markets.

Transactions

are the actions or processes of buying, selling, or exchanging goods, services, or financial assets between two or more parties.

Market Maker

An individual or firm that continuously buys and sells securities in a financial market to ensure liquidity and stability of prices.

Bid

An offer made by an individual or company to buy a good, service, or asset at a specified price.