Contracts
An 'as-is' addendum in a Texas real estate contract means the buyer agrees to:
AWaive all right to inspect the property
BAccept the property in its present condition, while typically retaining the right to inspect and terminate based on findings✓ Correct
CWaive the option period entirely
DBuy the property regardless of its physical condition
Explanation
An 'as-is' addendum means the buyer accepts the property in its present condition without requiring the seller to make repairs. However, the buyer typically retains inspection rights and may still use the option period to terminate if the inspection reveals unacceptable conditions. 'As-is' does not waive fraud claims for known defects the seller concealed.
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