OMVIC Practice Test

What is one requirement for an "as is" sale to be legally binding?

1. The seller must provide a full repair history

2. The buyer must initial the "as is" clause

3. The buyer must write an explanation of "as is"

4. The vehicle must pass a mechanical inspection

The correct answer is: The buyer must initial the "as is" clause

In an "as is" sale, the seller is not responsible for any defects or issues with the item being sold. This means that it is up to the buyer to thoroughly inspect the item and accept any risks associated with it. By initialing the "as is" clause, the buyer is acknowledging and agreeing to these terms. A full repair history (A) or a written explanation of "as is" (C) may be helpful in determining the condition of the item, but they are not required for the sale to be legally binding. Similarly, while having the vehicle pass a mechanical inspection (D) may provide peace of mind for the buyer, it is also not a requirement for the sale to be legally binding.