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Simple English definitions for legal terms
as-is warranty
Read a random definition: risk-stops-here rule
A quick definition of as-is warranty:
AS-IS WARRANTY: This means that when you buy something, you are getting it in the condition it is currently in, without any promises or guarantees that it will work or be in good condition. It is important to carefully inspect items with an as-is warranty before purchasing them, as you will not be able to return them if they do not work properly.
A more thorough explanation:
An as-is warranty is a type of warranty that states that the product being sold is being sold in its current condition, and the seller is not responsible for any defects or issues that may arise after the sale.
When buying a used car, the seller may offer an as-is warranty, which means that the buyer is responsible for any repairs that may be needed after the sale.
Another example is when purchasing a used phone from a private seller. If the seller offers an as-is warranty, it means that the buyer cannot return the phone if it stops working after the sale.
These examples illustrate how an as-is warranty can be risky for the buyer, as they are taking on all responsibility for the product's condition after the sale.