Q
Solicitation documents for disposal of assets by tender shall specify that the asset is sold on:
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A
Lowest bid basis
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B
'As is where is' basis and disclaim liability after sale
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C
Warranty basis for six months
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D
Reserve price basis only
Correct Answer:
B. 'As is where is' basis and disclaim liability after sale
Explanation:
Rule 10(4); but Rule 10(5) still requires a full and accurate description.
