Contracts
In New Mexico, an 'as-is' clause in a purchase contract means the buyer:
AWaives their right to conduct inspections
BAccepts the property in its current condition but retains the right to inspect and may cancel based on inspection results✓ Correct
CHas no legal recourse if undisclosed defects are discovered
DAutomatically receives a price reduction
Explanation
An 'as-is' clause means the seller will not make repairs, but the buyer retains the right to inspect. If the buyer discovers material defects during the inspection period, they can still terminate the contract.
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