Contracts
The doctrine of 'caveat emptor' in Florida real estate transactions means:
ABuyer beware — the buyer purchases at their own risk with no duty of disclosure by the seller
BThe seller must disclose all known material defects✓ Correct
CThe buyer has the right to inspect the property
DAll parties must negotiate in good faith
Explanation
While caveat emptor ('buyer beware') historically applied in real estate, Florida's Supreme Court (Johnson v. Davis, 1985) established that sellers and their agents MUST disclose known material defects. Caveat emptor no longer fully applies in Florida residential real estate.
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