Contracts
Which of the following is true about an 'as-is' clause in a Maine purchase agreement?
AIt eliminates the seller's duty to disclose known material defects
BThe buyer accepts the property in its current condition but the seller must still disclose known defects✓ Correct
CIt waives the buyer's right to an inspection
DIt guarantees the seller will not be liable for any defects
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition, but it does not relieve the seller of the duty to disclose known material defects.
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