Contracts
A real estate purchase contract that contains an 'as-is' clause means:
AThe seller guarantees the property is in perfect condition
BThe buyer accepts the property in its current condition and the seller makes no warranties✓ Correct
CThe buyer waives all inspection rights
DThe contract cannot be cancelled for any reason
Explanation
An 'as-is' clause means the seller is making no warranties about the condition of the property and the buyer agrees to accept it in its current state. However, the seller must still disclose known material defects.
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