Contracts
An 'as-is' clause in a New York purchase contract:
AEliminates the seller's obligation to disclose known defects
BShifts risk of unknown defects to the buyer but does not eliminate disclosure of known defects✓ Correct
CWaives the buyer's right to conduct an inspection
DRequires the seller to repair all defects before closing
Explanation
An 'as-is' clause shifts the risk of unknown physical conditions to the buyer but does NOT relieve the seller or their agent of the duty to disclose known material defects under New York law.
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