Common use of Condition of Sold Items Clause in Contracts

Condition of Sold Items. (1) The Vendor sells the Property, and the Purchaser will accept it, in Formation Date condition. (2) The Vendor gives the Purchaser no assurance concerning: (a) the condition of the Property (or any component item); or (b) the suitability of the Property (or any component item) for the Purchaser’s purposes or any purposes.