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In legal contexts, the phrase "as is" is used in contracts, agreements and sales transactions. [6][7] It is used to disclaim some implied warranties for an item being sold. Certain types of implied warranties must be specifically disclaimed, such as the implied warranty of title. "As is" denotes that the seller is selling, and the buyer is ...
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
An implied warranty of habitability, generally, is a warranty implied by law (in some states) that by leasing or buying a residential property, the lessor or seller is promising that the property is suitable to be lived in. [10] The doctrine is intended as a protection for tenants in a less advantageous bargaining position than the landlord.
The Federal Trade Commission published its long-anticipated rule in August cracking down on fake online reviews. It’s a good step, but while the rule addresses the culprits who both buy and sell ...
September 12, 2024 at 3:57 PM. Former President Donald Trump has all but exhausted his efforts to eliminate the limited gag order in his criminal hush money case, after New York's highest court on ...
In competitive markets, buyers might need a preapproval letter for sellers to even consider their offer. 2. Ask friends and family for agent referrals. One great way to find a good real estate ...
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Marketable title. Marketable title (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer. Marketable title does not assume that absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept.
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