Contracts
What is the effect of an 'as-is' clause in a Wyoming purchase contract?
AThe seller has no obligation to make any disclosures
BThe buyer accepts the property in its current condition but the seller must still disclose known material defects✓ Correct
CThe buyer waives all inspection rights
DThe seller is immune from all post-closing claims
Explanation
An 'as-is' clause means the buyer agrees to purchase the property in its current condition without requiring the seller to make repairs. However, in Wyoming, the seller is still required to disclose known material defects.
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