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18. These aspects? were highlighted in the State of Andhra Pradesh and Anr. v. T. Suryachandra Rao [2005 (5) SCALE 621] and Bhaurao Dagdu Paralkar v. State of Maharashtra and Ors. [2005 (7) SCC 605].
19. It was for the? buyer to establish that he had no knowledge about the genuineness or otherwise of the SIL in question.
20. The maxim? caveat emptor is clearly applicable to a case of this nature. As per Advanced Law Lexicon by P. Ramanatha Aiyar, 3rd Edn. 2005 at page 721: Caveat emptor means Let the purchaser beware. It is one of the settled maxims, applying to a purchaser who is bound by actual as well as constructive knowledge of any defect in the thing purchased, which is obvious, or which might have been known by proper diligence.