Laidlaw v. Organ

Laidlaw v. Organ
Supreme Court of the United States
Decided March 15, 1817
Full case name	Peter Laidlaw and Company v. Hector M. Organ
Citations	15 U.S. 178 (more) 2 Wheat. 178; 4 L. Ed. 214; 1817 U.S. LEXIS 396
Case history
Prior	Error to the District Court for the Louisiana District
Holding
A party is not obligated to disclose all of the information within its possession with regard to a certain transaction when the other party asks a general question about the party's awareness of issues that might affect the transaction's value.
Court membership
Chief Justice John Marshall Associate Justices Bushrod Washington · William Johnson H. Brockholst Livingston · Thomas Todd Gabriel Duvall · Joseph Story
Case opinion
Majority	Marshall, joined by unanimous

Laidlaw v. Organ, 15 U.S. (2 Wheat.) 178 (1817), is a case decided by the Supreme Court of the United States that established the rule that buyers need not disclose advantageous information to sellers. This rule should not be confused with either caveat emptor—a rule placing the burden of due diligence on the purchaser of goods—or caveat venditor—the rule that vendor sales come with an implied warranty.