Contracts
A Minnesota purchase agreement specifies the property is sold 'as is.' Under Minnesota law, does an 'as is' clause completely eliminate the seller's disclosure obligations?
AYes, 'as is' means no disclosures are required
BNo, sellers must still disclose known material defects even with an 'as is' clause✓ Correct
COnly for defects that are visible upon inspection
DYes, if the buyer waived all inspection rights
Explanation
In Minnesota, an 'as is' clause does not eliminate the seller's duty to disclose known material defects. Minnesota's seller's disclosure law requires sellers to disclose known conditions that materially affect the property's value or desirability.
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