Contracts
An 'as-is' clause in a Michigan purchase agreement means the buyer:
AWaives all rights to inspect the property
BAccepts the property in its present condition but retains the right to inspect✓ Correct
CAssumes all seller disclosure obligations
DCannot request repairs or price reductions after inspection
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition but does NOT waive their right to conduct inspections. The buyer can still cancel based on inspection results if the contract provides for it.
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