Contracts
An addendum to an Alaska purchase agreement:
AReplaces the entire original contract
BModifies or adds terms to the existing contract and must be signed by all parties✓ Correct
CIs only valid if notarized
DTakes precedence only if the original contract is void
Explanation
An addendum is a document that adds to or modifies the terms of an existing contract. It must be signed (or initialed) by all parties to be effective and becomes part of the contract.
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