Contracts
An 'as-is' clause in a purchase contract means:
AThe seller has no obligation to disclose known defects
BThe buyer accepts the property in its current condition but the seller must still disclose known material defects✓ Correct
CThe buyer waives all inspection rights
DThe seller is released from all warranties including title
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition, but it does NOT relieve the seller from disclosing known material defects. In Alabama, sellers must still disclose material facts they are aware of.
Related Alabama Contracts Questions
- A real estate contract clause stating that the buyer may inspect within 10 days and notify the seller of defects, but may not cancel without providing the seller an opportunity to cure, is called a(n):
- A 'hold harmless' clause in a real estate agreement protects one party from:
- In Alabama, a real estate purchase contract must be signed by:
- Under Alabama law, a contract with a mentally incompetent party is:
- A purchase agreement includes a 'buyer's walk-through' provision allowing inspection shortly before closing. The purpose of this is to:
- A real estate contract that includes a right for one party to assign their contractual rights to a third party allows for:
- In Alabama, an option to purchase is binding on the optionor (seller) but NOT on the optionee (buyer) because:
- In Alabama, a listing agreement is a contract between:
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →