Contracts
An Iowa buyer is purchasing an older farm property and uses an 'as-is' clause in the purchase agreement. This means:
AThe seller has no disclosure obligations
BThe buyer accepts the property in its current condition, though seller disclosure is still required✓ Correct
CNo inspections are permitted
DThe buyer waives all legal remedies
Explanation
An 'as-is' clause means the buyer accepts the property in its present condition, but the seller is still required to disclose known material defects. An 'as-is' clause does not eliminate Iowa's seller disclosure obligations.
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