Contracts
In a Kentucky residential purchase contract, the 'as-is' clause typically means:
AThe seller has no obligation to disclose known defects
BThe buyer accepts the property in its current condition but the seller must still disclose known material defects✓ Correct
CThe buyer waives all inspection rights
DThe buyer assumes all latent defects including those not discoverable by inspection
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition and the seller won't make repairs, but the seller's disclosure obligations are NOT eliminated. The seller must still disclose known material defects. The buyer retains the right to inspect.
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