ContractsEASY
An “as is” clause in a general purchase contract:
Correct Answer
C) is valid under the caveat emptor (“Let the buyer beware”) theory.
An "as is" clause transfers property without warranty of condition but does not eliminate disclosure duties.
Answer Options
A
applies only to matters of record.B
applies only to things that have been properly disclosed or are visible and observable conditions.C
is valid under the caveat emptor (“Let the buyer beware”) theory.D
b. applies only to things that have been properly disclosed or are visible and observable conditions. c. is valid under the caveat emptor (“Let the buyer beware”) theory. d. invalidates the whole contract.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
seller-disclosure-requirementsimplied-warranties-in-real-estatecontract-clauses-and-modificationsrisk-allocation-in-property-transactions
Key Terms:
as is clausecaveat emptorTransfer Disclosure StatementCivil Code 1102material defect disclosure
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