Contracts
An 'as-is' clause in a purchase contract generally means:
AThe seller has no obligation to make any disclosures
BThe buyer agrees to accept the property in its current condition, but the seller's disclosure duties remain✓ Correct
CThe buyer waives all inspection rights
DThe property cannot be financed with a government-backed loan
Explanation
An as-is clause means the buyer accepts the property in its current condition without requiring repairs by the seller. However, the seller's obligation to disclose known material defects (including under the Tennessee Residential Property Condition Disclosure) is not eliminated by an as-is clause.
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