Contracts
In North Dakota, a real estate purchase agreement that contains an 'as-is' clause:
AEliminates the seller's obligation to disclose known material defects
BShifts the risk of physical condition to the buyer but does not excuse the seller from disclosing known material defects✓ Correct
CPrevents the buyer from conducting inspections
DAutomatically waives all contingencies
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition and typically cannot request repairs. However, it does not eliminate the seller's legal obligation to disclose known material defects.
Related North Dakota Contracts Questions
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