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Why does Caveat emptor apply at auctions?

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Does that mean despite winning the auction a buyer would not have to complete the sale?

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Caveat Emptor applies everywhere.

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Does that mean despite winning the auction a buyer would not have to complete the sale?

 

You'd think something as deliberate as withholding a vital document, was akin to fraud. However, I have a feeling it's like buying a second hand car, it's up to you to do all the checks/searches prior to the auction, regardless. However, not sure if they claimed it had a new MOT, and the brakes went on the way home.

Edited by poppet2

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