Contracts
What is an 'as-is' clause in an Idaho real estate contract and what does it actually mean?
AThe seller guarantees the property is in perfect condition
BThe buyer accepts the property in its current condition but does not waive the seller's duty to disclose known material defects✓ Correct
CThe buyer waives all inspection rights
DThe seller can withhold any information about the property
Explanation
An 'as-is' clause means the buyer accepts the property in its present condition and the seller will not make repairs. However, it does NOT relieve the seller of the duty to disclose known material defects under Idaho's Seller Property Disclosure Act. Buyers generally retain their right to conduct inspections.
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