Contracts
What is an as-is contract vs. a standard purchase contract in Ohio?
AThey are identical except the as-is has a lower price
BAn as-is contract has the buyer accepting the property condition without requiring repairs, but inspection and disclosure rights may still apply✓ Correct
CAs-is contracts have no financing contingency
DStandard contracts always require inspections; as-is contracts do not
Explanation
An as-is contract means the buyer accepts the current condition without requiring the seller to make repairs. However, the seller's disclosure obligations under ORC 5302.30 still apply, and the buyer typically retains the right to inspect and cancel based on findings.
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