The ‘as is where is’ clause: context and legal effect Thus, when a property is sold ‘as is’, this means that it is being sold in its current condition, whatever that condition may be.
What does where is how it is mean?
“Where is as is” is a real estate term under which the property in question is sold “as is” or “as is”. … A property inspection may uncover property conditions unknown to a seller or worse, known but not disclosed by the seller.
What is an actual database?
asis is a term commonly used in private used car sales. That is, if you want the object (information in this case), accept it as it is: as it is. So if the item/information is defective, you cannot complain.
where is the base
So when a property is sold “as is” it means it is being sold in its current condition, regardless of that condition.
What does it mean to sell real estate as is?
What does “sold as is” mean? Sellers put their homes up for sale when they don’t want to make repairs before closing. This means that the seller does not guarantee that everything will work. If you buy an “asis” house and later have major problems, you are responsible for repairing it.
What is an AS-IS condition clause?
: a clause in an agreement that the buyer accepts the item for sale in its current condition without modification or repair. NOTE: Pursuant to Section 2316 of the Uniform Commercial Code, an as-is clause relieves the seller of any responsibility for the quality of the item being sold.
What is the legal definition of as is?
Legal definition of as-is clause: A clause in an agreement that the buyer accepts the item for sale as is, without alteration or repair.
What is the basis in science?
Scientific basis refers to empirical data or other scientific evidence, conclusions, or hypotheses used to justify a rule, regulatory policy, or regulatory instrument.
What is the basic synonym?
base, foundation, base, base, core, bases, foundations, reason, foot, groundwork, title, bedrock, ground, background, function, conformity, baseline, light, base, service, virtue, database, bedrock, justification, reasons, principle, framework, basal, unfounded, backbone, path.