North Carolina General Statutes § 47C-4-115 Exclusion of modification of implied warranties of quality

(a)        Except as limited by subsection (b) with respect to a purchaser of a unit that may be used for residential use, implied warranties of quality:

(1)        May be excluded or modified by agreement of the parties; and

(2)        Are excluded by expression of disclaimer, such as "as is," "with all faults," or other language which in common understanding calls the buyer's attention to the exclusion of warranties.

(b)        With respect to a purchaser of a unit that may be occupied for residential use, no general disclaimer of implied warranties of quality is effective, but a declarant and any person in the business of selling real estate for his own account may disclaim liability in an instrument signed by the purchaser for a specified defect or specified failure to comply with applicable law, if the defect or failure entered into and became a part of the basis of the bargain. (1985 (Reg. Sess., 1986), c. 877, s. 1.)

Sections:  Previous  47C-4-105  47C-4-106  47C-4-107  47C-4-108  47C-4-109  47C-4-110  47C-4-111  47C-4-113  47C-4-114  47C-4-115  47C-4-116  47C-4-117  47C-4-118  47C-4-119  47C-4-120  Next

Last modified: March 23, 2014