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satya (n/a)     22 March 2013

Meaning of special clauses in bank auction notice

Hi, 

In one of the bank auction notice, i have seen following words in upper case. Could any one clarify what it means in legal terms(simple). I googled but could not get anything.

AS IS WHERE IS, AS IS WHAT IS AND WHATEVER THERE IS BASIS

I have seen one article. It says that there is specific meaning to these clauses. These are applicable only if it was mentioned in the notice.

Regards,

Satya.



Learning

 1 Replies

Advocate Sastry (Advocate)     22 March 2013

Please relate these words to the item being auctioned


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