What is the meaning of the phrase 'Caveat Emptor is out, full disclosure is in'?
1) The concept of 'Caveat Emptor' is no longer relevant, and now it is important to provide full disclosure in transactions.
2) The phrase 'Caveat Emptor' is outdated and should be replaced with 'Full Disclosure'.
3) The phrase 'Caveat Emptor' is still valid, but it is now necessary to also provide full disclosure.
4) The phrase 'Caveat Emptor' is no longer used, and full disclosure is the new standard.