NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

What is the legal significance of the term 'as is, where is' in an auction?

The buyer receives a full warranty The seller guarantees the item is in perfect condition The buyer accepts the item in its current condition with no warranties from the seller The auctioneer is responsible for any defects

Correct Answer:

The buyer accepts the item in its current condition with no warranties from the seller

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