Asked by Nicole Nagatoshi on May 07, 2024
Verified
Generally,the words "as is" on an item for sale exclude implied warranties.
Implied Warranties
Legal assurances that are not expressly stated but are understood to apply to transactions, ensuring certain standards of quality and reliability.
"As Is"
The term "As Is" denotes the sale or transfer of an item in its current condition, with no guarantees or warranties provided by the seller regarding quality, condition, or functionality.
- Distinguish between express and implied warranties in sales contracts.
Verified Answer
AC
Andrew CamiloMay 08, 2024
Final Answer :
True
Explanation :
The words "as is" are typically used to exclude any implied warranties on an item for sale. This means that the buyer is purchasing the item in its current condition, with no guarantees or promises of its quality or function.
Learning Objectives
- Distinguish between express and implied warranties in sales contracts.