Contracts
Under Minnesota law, an 'as-is' clause in a purchase agreement:
AEliminates the seller's duty to complete the disclosure statement
BDoes not relieve the seller of the duty to disclose known material defects✓ Correct
CPrevents the buyer from conducting a home inspection
DLimits the buyer's remedies to earnest money recovery only
Explanation
Even with an 'as-is' clause in a Minnesota purchase agreement, the seller is still required to complete and provide the Seller's Property Disclosure Statement and disclose known material defects. 'As-is' means the seller will not make repairs, not that they can conceal defects.
Related Minnesota Contracts Questions
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