Quote Originally Posted by Mark in Rochester View Post
If that is the case then it is a very undesirable item as every previous owner has shared responsibility.

Now this may not be the best source but here is a definition of "AS IS"

A term used to describe a sales transaction in which the seller offers goods in their present, existing condition to prospective buyers.

The term as is gives notice to buyers that they are taking a risk on the quality of the goods. The buyer is free to inspect the goods before purchase; but if any hidden defects are discovered after purchase, the buyer has no recourse against the seller. Any implied or express warranties that usually accompany goods for sale are excluded in an "as is" sale.

Contract law and the Uniform Commercial Code regulate "as is" sales.

as is adj. description of a condition in a sales contract in which the buyer agrees to take the property (e.g. house, horse, auto, or appliance) without the right to complain if it is faulty. However, the buyer must have had the right to reasonable inspection, so that he/she has a chance to find any obvious deficiency.

The main source of TheFreeDictionary's legal dictionary is West's Encyclopedia of American Law, Edition 2.

comments?
Mark,

Selling equipment "as-is" often provides an implied warranty of merchantability, a promise that the equipment can be used as expected given its type. Most states will allow businesses to disclaim implied warranties, including a written disclaimer with the sale. The customer should sign the form to acknowledge the disclaimer. The bill of sale needs to be specifically worded to include aftermarket installed items with the possible safety caveats.

The problem is it will cost you five figures to find out whether you have recourse or not. I understand what you are stating and our seller seems to be sincere in the rifle's sale, and he more than likely knows all the pit-falls involved in selling altered or modified firearms.