Contracts
Iowa's 'as-is' addendum to a residential purchase agreement provides the seller with limited protection while:
ACompletely eliminating all seller disclosure obligations
BIndicating the buyer is aware of the property's condition but not waiving rights to discover and disclose known defects or fraud✓ Correct
CGuaranteeing the buyer a discounted price
DReleasing the seller from all liability for undisclosed conditions
Explanation
Iowa 'as-is' provisions indicate the buyer accepts the property's current condition but do not eliminate Iowa Code Chapter 558A disclosure obligations, nor do they protect a seller who actively conceals defects or commits fraud. Buyers retain inspection rights.
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