Contracts
A buyer is purchasing an Arizona home and signs an 'AS-IS Addendum.' This means:
AThe seller has no obligation to make any repairs and the buyer waives all inspection rights
BThe buyer accepts the property in its current condition but retains the right to inspect and cancel based on inspection results✓ Correct
CThe seller warrants that all systems are in working order
DThe listing price is non-negotiable
Explanation
An AS-IS addendum means the buyer agrees to accept the property in its current condition and the seller will make no repairs. However, the buyer retains the right to conduct inspections and may still cancel the contract during the inspection period based on findings.
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