Contracts
In NH, a purchase and sale agreement that requires the buyer to 'accept the property in its current condition' most likely refers to:
AAn 'as-is' sale where the buyer waives all inspection rights
BA sale where the seller makes no warranties about the property's condition but the buyer may still have inspection rights unless waived✓ Correct
CA mandatory inspection by a state-licensed inspector
DA requirement that the buyer insure the property before closing
Explanation
An 'as-is' clause means the seller makes no warranties about the property's condition and is not responsible for repairs. However, unless the buyer explicitly waives inspection rights, they typically retain the right to inspect. The seller still has a duty to disclose known material defects even in an as-is sale.
Related New Hampshire Contracts Questions
- A NH seller who agreed to leave the washer and dryer in the sale but removed them before closing has:
- An 'as-is' clause in a New Hampshire purchase and sale agreement:
- In NH, an offer to purchase real property becomes a binding contract when:
- New Hampshire uses a 'Purchase and Sale Agreement' as the primary real estate contract. For it to be valid, consideration must be:
- A NH seller's acceptance of an offer that is transmitted by email is valid when:
- A NH buyer who submits an offer 'as-is' without an inspection contingency assumes the risk of:
- Which type of listing agreement is considered most legally problematic and not recognized in New Hampshire?
- A NH real estate purchase contract that is unconscionable (extremely one-sided) may be found by a court to be:
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