Contracts
A purchase contract states the property is to be conveyed 'in as-is condition.' Under Alabama law, this means the seller:
AHas no disclosure obligations whatsoever
BMust still disclose known material defects even though the buyer accepts the condition✓ Correct
CIs relieved of all warranties
DCan conceal any defect discovered after listing
Explanation
An as-is clause does not relieve the seller of the obligation to disclose known material defects. The buyer accepts the condition of the property but must still be informed of known issues.
Related Alabama Contracts Questions
- An Alabama purchase contract that is subject to the buyer obtaining a satisfactory home inspection within 14 days is an example of a:
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- In Alabama, an option contract differs from a purchase contract in that:
- A contract clause that allows a buyer to exit if they cannot obtain financing is called a:
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- In Alabama, commission disputes between brokers are typically resolved through:
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