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Melissa purchases a dvd player at a store that sells refurbished merchandise. the store has a big sign stating "caveat emptor" posted out front and at the cash register. this sign most likely translates to a policy of

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thert68
Caveat emptor means "buyer beware" policy which I would interpret as, "You are buying the product 'as is' with no refunds/no returns'   You may be able to exhange though.  Melissa should ask about the return/exchange policy before you complete the purchase.