Contracts
Which of the following BEST describes an 'as-is' clause in an Ohio purchase contract?
AThe seller warrants the property is free of all defects
BThe buyer accepts the property in its current condition and the seller makes no warranties✓ Correct
CThe buyer waives the right to inspect the property
DThe seller is required to disclose all known defects
Explanation
An 'as-is' clause means the buyer agrees to accept the property in its existing condition. In Ohio, an 'as-is' clause does not excuse the seller's obligation to complete the Residential Property Disclosure Form — known defects must still be disclosed.
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