Contracts
An 'as-is' clause in a Mississippi real estate contract means:
AThe seller has no disclosure obligations
BThe buyer accepts the property in its current condition but the seller must still disclose known material defects✓ Correct
CThe buyer waives all inspection rights
DThe seller guarantees the property is free of defects
Explanation
Even with an as-is clause, Mississippi sellers must disclose known material defects on the Property Condition Disclosure Statement. The buyer accepts the condition but is entitled to truthful disclosure.
Related Mississippi Contracts Questions
- A buyer submits an offer with an earnest money deposit. The seller makes a counteroffer. The original offer is:
- A Mississippi seller accepts a buyer's offer but forgets to initial an addendum that modifies one term of the contract. This may result in:
- A Mississippi seller accepts a buyer's offer but insists on a different closing date. Under contract law, this is a:
- A buyer and seller in Mississippi enter a purchase agreement. The buyer later discovers the property is in a flood zone not disclosed by the seller. The buyer may:
- A Mississippi buyer has a right of first refusal on a neighboring property. This means the buyer has:
- In Mississippi, a contract entered into by a person who has been adjudicated incompetent is:
- Earnest money in a Mississippi real estate transaction is best described as:
- An integration clause in a Mississippi real estate contract states that:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →