Contracts
In NJ, an 'as-is where-is' clause in a commercial real estate contract typically means:
AThe seller warrants all property conditions
BThe buyer accepts the property's physical and legal condition as found, with limited representations from the seller✓ Correct
CInspections are not legally permitted
DThe buyer waives all financing contingencies
Explanation
In commercial real estate, 'as-is where-is' shifts responsibility for the property's condition to the buyer. Sellers make limited or no warranties.
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