Buy It Now leases a snow blower for one year from Blow It Out Your Ear to clear the parking lot next to its retail outlet. The lease says the snow blower is leased "as is". After one week the snow blower breaks down completely. Buy It Now demands that Blow It Out Your Ear pay for the repair, but it points to the "as is" clause. Which of the following, if any, apply to this transaction?

Question

Quizplus · Accepted Answer

The "as is" clause in the lease agreement typically means that the lessee accepts the item in its current condition and assumes the risk of any defects. None of the listed acts directly apply to this situation involving a lease agreement with an "as is" clause.

Buy It Now Leases a Snow Blower for One Year