The rule of caveat emptor developed: under the game theory. under the social contract theory. in a period in history when businesses were small and served local needs. during the late twentieth century.

under the game theory

The game theory application to law is a quite common approach in the United given its preoccupation with the models of interactions between decision makers. In the rule of caveat emptor is addresses well the issue of the interests between the interacting parties

were at first enthusiastic in support of the revolution. however, over time divisions of opinion became apparent between federalists and anti-federalists