Contracts
What is an 'as-is' clause in a real estate contract?
AA clause requiring the seller to make all repairs
BA clause indicating the buyer accepts the property in its current condition, but does not eliminate the seller's duty to disclose known defects✓ Correct
CA clause that voids the inspection contingency
DA clause requiring a cash purchase
Explanation
An 'as-is' clause means the buyer agrees to accept the property in its present condition and waives the right to request repairs. However, it does NOT eliminate the seller's or agent's legal duty to disclose known material defects.
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