Contracts
A Missouri purchase contract provision that says 'property sold as-is' means:
AThe seller is exempt from all disclosure requirements
BThe buyer accepts the property in its current condition but does not waive the right to inspect or the seller's duty to disclose known defects✓ Correct
CNo inspection can be performed
DThe seller must repair everything before closing
Explanation
An 'as-is' provision means the buyer accepts the property's current condition and the seller will make no repairs. However, Missouri sellers still must disclose known material defects on the seller's disclosure form — 'as-is' does not eliminate disclosure duties.
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