Contracts
Under Louisiana law, a purchase agreement that contains an 'as is' clause generally means the buyer:
AHas no right to inspect the property
BAccepts the property in its current condition but the seller's duty to disclose known defects still applies✓ Correct
CWaives all remedies for hidden defects discovered after closing
DCannot negotiate repairs even for serious defects
Explanation
An 'as is' clause in a Louisiana purchase contract means the buyer accepts the property in its current physical condition. However, the seller still has an obligation to disclose known material defects. An 'as is' sale does not eliminate the seller's disclosure duty or the buyer's right to inspect.
Related Louisiana Contracts Questions
- Louisiana law requires that the 'condition of property' information in a seller's Property Disclosure Document be:
- The Louisiana Redhibition law protects buyers from:
- A buyer submits an offer on a Louisiana property. The seller makes a counteroffer. At this point:
- In Louisiana, the 'right of redemption' in a mortgage foreclosure allows the borrower to:
- In Louisiana, the document used to transfer ownership of real property at closing is called:
- An 'as-is' clause in a Louisiana real estate contract means:
- In Louisiana, a contract for the sale of immovable property (real estate) must be made by:
- A Louisiana buyer includes a home inspection contingency in their purchase agreement. If the inspection reveals major issues, the buyer may:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →