Contracts
The 'as-is' clause in a purchase agreement means:
AThe seller is not required to disclose any defects
BThe buyer accepts the property in its current condition, but disclosure laws still apply✓ Correct
CThe seller warrants that all systems are in working order
DThe buyer waives their right to a home inspection
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition without requiring the seller to make repairs. However, Pennsylvania's Seller Disclosure Law (Act 49) still requires the seller to disclose known material defects. 'As-is' does not eliminate disclosure obligations.
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