As Is Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of As Is, written in plain English, along with examples of how it is used.
What is As Is?
(n) “As is’ is the qualification used to represent the status of an article which exempts the article from the requirements expected from a merchandise of its nature and limits the rights of the buyer to the extend what is available then. It is commonly used as ” as is where condition” with vehicles, damaged items, property etc where the buyer cannot complain for any material defects he failed to notice
History and Meaning of As Is
The term "As Is" has been used in legal and commercial contexts to describe the status of an item being sold. It means that the item is being sold in its current condition, and the seller is not making any guarantees or promises about the item's quality or functionality. This term is often used to protect the seller from any future claims or legal disputes that might arise from the condition of the item.
Examples of As Is
- A used car dealership sells a car "as is" to a customer, meaning that the customer takes on all responsibility for any future repairs or problems that might arise with the car.
- A seller on an online marketplace lists a damaged piece of furniture "as is," indicating that it has a significant defect that would require repair if the buyer wants to use it.
- A property owner lists a rundown house "as is," putting the responsibility on the buyer to assess the extent of the repairs and renovations necessary to make the house livable.
Legal Terms Similar to As Is
- Buyer Beware: A legal term that describes the principle that a buyer is responsible for evaluating the quality and condition of the item being sold before purchasing it.
- All Sales Final: Another legal phrase that indicates that a sale is final, and the buyer has no further recourse to return the item or seek refunds.
- Caveat Emptor: A Latin phrase that translates to "let the buyer beware." It means that the buyer takes on all responsibility for the condition and quality of the item being sold.