Contracts
What is an 'as-is' clause in an Ohio real estate contract?
AIt means the seller is not liable for any defects including fraud
BThe buyer accepts the property in its current condition but disclosure obligations still apply✓ Correct
CIt eliminates all inspection rights
DIt means the property cannot be inspected
Explanation
An 'as-is' clause means the buyer accepts the property in its present condition. However, it does not eliminate the seller's duty to disclose known material defects under Ohio law, and fraud claims can still arise.
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