Contracts
A Pennsylvania Agreement of Sale includes a 'sold as-is' clause AND the Seller's Property Disclosure Statement reveals a leaking basement. The buyer:
ACannot back out since the contract says as-is
BMay use the inspection contingency to negotiate repairs or void the contract✓ Correct
CMust close since the disclosure was made
DCan demand the seller repair the leak before closing regardless of the as-is clause
Explanation
An 'as-is' clause limits the seller's repair obligation but does not prevent the buyer from using an inspection contingency to evaluate conditions and decide whether to proceed, negotiate, or cancel. Disclosed conditions may still be used as basis for price negotiation or voiding the contract under an inspection contingency.
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