Contracts
An 'as-is' clause in a NC real estate contract means:
AThe seller has no duty to disclose defects
BThe buyer accepts the property in its current condition but the seller still must disclose known material defects✓ Correct
CThe buyer waives all inspection rights
DThe seller guarantees there are no defects
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition, but sellers in NC still must disclose known material defects on the Residential Property Disclosure Statement.
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