Contracts
A Minnesota purchase agreement includes an 'as-is' clause. This means:
AThe seller has no disclosure obligations
BThe buyer accepts the property in its current condition but the seller must still disclose known defects✓ Correct
CAll contingencies are automatically waived
DThe seller guarantees no repairs are needed
Explanation
An 'as-is' clause means the buyer accepts the property in its present condition and cannot require repairs, but the seller is still legally obligated to disclose all known material defects under Minnesota's disclosure laws.
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