11:20
I am not a llama, and I am an adcommie @ The University of American Samoa Law (go LandCrabies)
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LSDefine
Simple English definitions for legal terms
as is
Read a random definition: entry
A quick definition of as is:
As is: When you buy something "as is," it means you are buying it in the condition it is currently in. This means that if there are any problems with the item after you buy it, you cannot return it or get your money back. You should always check the item before you buy it to make sure it is in good condition. This is often used when buying used cars or houses.
A more thorough explanation:
Definition: "As is" is a term used in sales contracts where the buyer agrees to purchase a product in its current condition, without any legal recourse if they discover a defect in the product after buying it. The buyer should be able to inspect the product before purchasing it, so they are aware of its condition. Selling an item "as is" means that any implied warranties on the item are disclaimed, but express warranties are not. If the buyer guarantees the condition of an item through their description, the seller may have legal recourse if the item does not meet that description. "As is" contracts are often used in the sale of used cars and houses.
Example 1: A person is selling their used car "as is." The buyer inspects the car and agrees to purchase it. A week later, the buyer discovers that the car's transmission is faulty. Since the buyer agreed to purchase the car "as is," they have no legal recourse to return the car or receive compensation for the repairs.
Example 2: A person is selling their house "as is." The buyer inspects the house and agrees to purchase it. After moving in, the buyer discovers that the roof leaks. Since the buyer agreed to purchase the house "as is," they have no legal recourse to return the house or receive compensation for the repairs.
These examples illustrate how "as is" contracts work. The buyer is responsible for inspecting the product before purchasing it and assumes all risks associated with the product's condition after the sale. If the buyer discovers a defect after the sale, they have no legal recourse to return the product or receive compensation for repairs.