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The term 'as is' is generally understood to mean that the buyer is purchasing goods in its present condition with whatever faults it may possess. (Lake Bluff Heating & Air Conditioning Supply, Inc. v. Harris Trust & Savings Bank (1983), 117 Ill. App. 3d 284, 292, 452 N.E.2d 1361, 1367, 72 Ill. Dec. 665.) The term is similar to terms such as 'with all faults' or 'in its present condition' and implies that the seller is relieved of any further obligation to reimburse for loss or damage because of the condition of the goods. Lake Bluff Heating & Air Conditioning, 117 Ill. ...