Contracts
An 'as-is' clause in a NJ real estate contract means:
AThe seller need not disclose known defects
BThe buyer accepts the property in its present condition but the seller still must disclose known material defects✓ Correct
CNo inspections are permitted
DThe contract cannot be cancelled for any reason
Explanation
Even with an 'as-is' clause, New Jersey sellers must still disclose all known material defects via the Seller's Disclosure Notice. The clause limits the seller's obligation to make repairs but does not negate disclosure requirements.
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