Contracts
An 'as-is' clause in an Arizona purchase contract means:
AThe buyer waives all inspection rights
BThe seller makes no representations about the property's condition but disclosure obligations still apply✓ Correct
CThe seller is not required to complete the SPDS
DThe buyer accepts the property with known and unknown defects
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition, but in Arizona the seller's disclosure obligations still apply. The seller cannot use 'as-is' to avoid disclosing known material defects.
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