§ 4-115. Exclusion or modification of implied warranties of quality
(a) Except as limited by subsection (b) of this section, 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 express disclaimer, such as “as is,” “with all faults,” or other language that implies 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 dealer 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 was a part of the basis of the bargain. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999.)
Structure Vermont Statutes
Title 27A - Uniform Common Interest Ownership Act (1994)
Article 4 - Protection of Purchasers
§ 4-102. Liability for public offering statement requirements
§ 4-103. Public offering statement; general provisions
§ 4-104. Common interest communities subject to development rights
§ 4-107. Common interest community securities
§ 4-113. Express warranties of quality
§ 4-114. Implied warranties of quality
§ 4-115. Exclusion or modification of implied warranties of quality
§ 4-116. Statute of limitations for warranties
§ 4-117. Effect of violations on rights of action
§ 4-118. Labeling of promotional material