OMVIC Practice Test 2025 - Free OMVIC Practice Questions and Study Guide

Question: 1 / 400

Choose the most correct answer. An "as is" sale...

Is not legal to a "consumer"

Does not require the buyer to initial the words "as is"

Must have the buyer write an explanation of "as is"

Must include a specific definition of "as is" in the contract

An "as is" sale means that the buyer is purchasing the item in its current condition without any guarantees from the seller. Option A is incorrect because "as is" sales are legal for both consumers and businesses. Option B is also incorrect because the buyer does not need to initial the words "as is" for the sale to be valid. Option C is incorrect because the buyer does not need to write an explanation of "as is" in the contract. Option D is the most correct because including a specific definition of "as is" in the contract clarifies the terms of the sale for both the buyer and seller.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy