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Q.

What does the term define As is where is basis?

Tags: money, education, science
Asked by joyesh chakraborty, 29 Aug '09 10:46 am
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Answers (9)

 
1.

'As is where is basis" is the term mostly used in auction such as scraps, etc. It means the auction would be done where ever the commodity is stored, it will not be shifted to any specific place for auctioning. Once the auction is complete the buyer will have to pick up the commodity from the same place and transport it to the destination at his own cost. The seller will not bear any expenditure for handing over the same to the successful bidder.
Answered by Jack Johnson, 29 Aug '09 11:57 am

 
  
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2.

Dear Joyeshji, I feel "As is where is basis" means the commodity which the seller wants to sell is "as the item is whether gud or bad" on the face of it one should see and buy. tke care regards Cyrus
Answered by cyrus irani, 29 Aug '09 04:38 pm

 
  
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3.

It means the present condition of the asset or property.
Answered by kishoranandvittalmangalore, 29 Aug '09 01:56 pm

 
  
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4.

Implies the holder will not take any responsility once the property or item is transferred to another. The buyer has to bear any damages visible or invisible.
Answered by sankaran subbiah, 29 Aug '09 01:28 pm

 
  
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5.

When a articl/any thing is auction it will be describe as is where is. it means the condition of the article/anything will remain same as before whether it may in working conditon or not or may be damaged. that is your duty to inspect when you are going to purchase it.
Answered by pramod rajapurkar, 29 Aug '09 12:11 pm

 
  
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6.

In auction
Answered by HARIJIBAN BANERJEE, 29 Aug '09 11:08 am

 
  
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7.

Particular things considered has to be considered in that particular condition and place and everything left to the person who is interesting in that

The holder or the seller has right only to transfer and will not do anything but JUST transferring the rights for considerations
Answered by mukund, 29 Aug '09 10:51 am

 
  
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8.

As is means - the condition that it is in and where is means - the place where it is lying as such.
Answered by Vishwanath V, 29 Aug '09 10:48 am

 
  
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9.

Rthe tim tehybdispose old machine thy write like this to make sure no claims are made after the deal is finalised
Answered by Dinesh C S, 29 Aug '09 04:42 pm

 
  
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