Contracts
What is an 'as-is' clause in an Alaska purchase agreement?
AA clause allowing the buyer to inspect the property and cancel for any reason
BA clause where the buyer accepts the property in its present condition without requiring repairs from the seller✓ Correct
CA clause that waives the seller's disclosure obligations
DA clause limiting the seller's liability to the sales price
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition. However, it does not waive the seller's and agent's duty to disclose known material defects — only the seller's obligation to make repairs.
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