Contracts
A Vermont 'as-is where-is' commercial sale typically means:
AThe seller guarantees the property is in perfect condition
BThe buyer accepts all known and unknown defects and the property in its current physical location and condition✓ Correct
CThe seller removes all personal property before closing
DThe buyer receives a full warranty from the seller
Explanation
An 'as-is where-is' commercial transaction places the full burden of investigation on the buyer. The buyer accepts the property in its current condition and location, with no representations from the seller about condition.
Related Vermont Contracts Questions
- A Vermont seller's disclosure form (property condition disclosure) is designed to:
- For a real estate contract to satisfy Vermont's Statute of Frauds, it must be:
- A Vermont seller signs a listing agreement with Broker A. Before any offer is received, the seller signs a second listing agreement with Broker B for the same property. Regarding the first agreement:
- Vermont's home inspection contingency period is typically:
- In a Vermont lease option arrangement, the tenant-buyer's option consideration:
- A buyer and seller in Vermont reach a verbal agreement on the sale of a home but do not reduce it to writing. This agreement is:
- A Vermont real estate contract contingency gives the buyer the right to:
- A Vermont purchase contract contains an 'as-is' clause. This means:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →