Equipment that is bought or sold with no implied warranties. Should expect any condition from inoperative to good. May or may not be complete. Buy at your own risk.
This indicates that the item is sold with no warranty and you should ensure you check it properly as you're unlikely to be able to return it.
The first two words taught to students in auctioneering school. It means selling assets without any warranty as to their condition and merchantability for a particular use.
A term indicating those goods offered for sale is without warranty or guarantee. The purchaser has no recourse on the seller for the quality or condition of the goods.
Lifestyle Auctions offers all property for sale at auction “as is”, meaning that the property is sold with all existing faults and imperfections. We encourage potential buyers to inspect each item carefully before bidding.
Selling something "As Is" means the seller makes no promises other than as seen and described. The buyer takes the risk of a possible defective condition.
About 90% of the time we at GAC appraise the properties AS IS; (i.e., the condition the house is in on the date of inspection).
(See Red Light) Specifics on what constitutes an "as is" vehicle can vary from one auction to another, but generally will include vehicles six years or older, with more than 100,000 miles registered on the odometer or where the odometer is suspect. Other factors affecting the evaluation of a vehicle may also apply, depending on the individual auction's policy.
An item which is being sold exactly as it is, placing the entire responsibility of determining the quality and/or functionality of the item solely with the buyer. Almost always, items bought "as is" cannot be returned for refund.
Prospective bidders are encourage to inspect closely the property being sold prior to bidding and to determine through the inspection, to be of acceptable quality and value, separate and distinct from any representation made. The auctioneer shall not be responsible for the correct description, authenticity, genuineness of, or defect in any lots, and makes no warranty in connection therewith. As no warranty is given with any lot, therefore no sale is invalid or voidable by reason of any fault in any lot or by reason of any lot being incorrectly described (in the catalogue or otherwise), and no compensation may be paid for any such fault or error in description or any imperfection not noted. No deduction will be allowed on damaged articles as all goods being exposed for public exhibition are sold “as is, where-is” and without guarantee or recourse.
A phrase included in a contract of sale disclaiming any warranty or guarantee on the part of the seller. A person purchasing real estate "as is" takes it in exactly the condition in which it is found and must trust his or her own inspection of the property.
A term written in auction descriptions, or spoken or written during a retail transaction. It indicates that an item or lot is sold without guarantee or return privilege. Stamps are usually sold "as is'' when they are damaged or are possibly not genuine.
An international term denoting that the buyer accepts the goods as is, it is a connotation there may be something wrong with the merchandise, and the seller limits their future potential liability.
A term indicating that goods offered for sale are without warranty or guarantee and that the purchaser takes the goods at his/her own risk without recourse against the seller for the condition or performance of the goods. [NASPO
Items that are sold on auction without warranties as to the condition and/or the fitness of the property. Items may be broken or have missing parts. Also known as "As Is, Where Is" and "In Its Present Condition". Special Note: "As Is" items are usually not returnable... and are non-refundable.
Item is without a declaration describing its state and suitability for a specific use. It is the buyer's duty to assess the item's resilience and durability. Typically, returns are not offered for this type of item.
Selling the property without warranties as to the condition and/or the fitness of the property for a particular use. Buyers are solely responsible for examining and judging the property for their own protection. Otherwise known as "As Is, Where Is" and "In its Present Condition."
means an item is sold in the exact condition it is in - no guarantee is made or implied as to the actual condition of the item. This is fine if a seller has disclosed all flaws but can be a catastrophe if they haven't.
Indicates goods for sale do not include a warranty or guarantee.
A clause that is sometimes used in the transfer of property. It means that the present property is being transferred with no guarantee or warranty provided by the seller.
Implied in most Agreements of Purchase and Sale, suggests the Purchaser is accepting the property in its current condition and releases the Vendor from any liability for problems found before or after closing.
Denotes that an item has some sort of damage and is being sold in the condition it was found.
Words in a contract intended to signify that no guarantees whatsoever are given regarding the subject property and that it is being purchased exactly as it is found. Even though an as-is clause may give some protection to the seller from unknown defects, the clause is inoperative when the seller actively misrepresents the condition of the property.
When a property is sold as is, the seller does not warrant or guarantee that the property is free of defects. The buyer accepts the property in its present condition, without modification.
A contract clause indicating the seller will not fix any problems with the property.
Present condition of property being transferred, with no guaranty or warranty provided by the seller.
A term of purchase of a good in its current condition.
As is (or as-is) is a legal term and concept used to disclaim liability for an item being sold. "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.