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Possible Answers: As Is.
Last seen on: Daily Celebrity Crossword – 8/15/18 Wayback Wednesday
Random information on the term “As Is”:
As is is a legal term 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 buying an item in whatever condition it presently exists, and that the buyer is accepting the item “with all faults”, whether or not immediately apparent. This is the classic “buyer beware” situation, where the careful buyer should take the time to examine the item before accepting it, or obtain expert advice.[1]
On the other hand, the phrase “as is” does not disclaim express warranties, such as those created by the seller’s description of an item. In other words, the item may be sold “as is,” but if the item does not conform to the seller’s description, the buyer has a right to reject it.
For example, a seller of a used automobile sells his car to a buyer, and puts into the contract of sale the statement: “The buyer accepts the automobile AS IS, WITH ALL FAULTS.” Two minutes after the buyer drives off with it, the engine seizes, and the car stalls. Unless the buyer can show that there was some fraud involved, or the seller breached an express warranty, the buyer is not entitled to a refund. This would be a specific example where fraud in the inducement could outweigh anything in the contract, express or implied: it simply doesn’t matter what disclaimer or limitations may be found in the contract, if the contract is void (or voidable) for any reason.