The Latin phrase
Caveat Emptor, or
let the buyer beware, has accompanied the buying and selling of goods since at least the 1600s,
and probably much earlier. Essentially it means if you buy something,
you are on your own as to whether you got what you paid for.
The concept has probably been around since the first Neanderthal traded
an axe head to his neighbor, although what passed for warranty law in
those ancient times was probably a bit more direct. If the axe Oog the
Neanderthal traded to his neighbor, Moog was substantially impaired in
safety, Moog probably visited the side of Ooog’s head with a large rock.
Early Warranty Enforcement
This material was shamelessly borrowed from Norman Taylor’s seminal
book on the Lemon Law,
“Lemon law, The Standard Reference Guide”.
It’s important to make the point that despite an overwhelming desire
to get a big rock and pay an
instructional visit the dealership, recognize that that impulse will get you thrown
in the pokey and give the idiots at the dealership a good laugh.
A word to the wise, read the warranty carefully when purchasing a new car
or truck. If you are buying a used vehicle, we highly recommend that you
avoid anything that says AS IS.
We’d be interested in hearing your comments regarding warranties
and your experiences with them.