IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

A buyer purchases an item at auction described as 'as is, where is.' What warranty protection does the buyer have?

Full manufacturer's warranty The buyer has limited or no warranty protection as 'as is' disclaims warranties A 30-day return guarantee The auctioneer provides a personal warranty

Correct Answer:

The buyer has limited or no warranty protection as 'as is' disclaims warranties

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