Contracts
An 'as-is' clause in an Oklahoma purchase contract means:
AThe seller has no disclosure obligations
BThe buyer accepts the property in its present condition but the seller still must disclose known material defects✓ Correct
CThe seller is exempt from all legal liability
DNo inspections are allowed
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition but does NOT relieve the seller of the duty to disclose known material defects under the Oklahoma Residential Property Condition Disclosure Act.
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