Contracts
In Kansas, what is an 'addendum' versus an 'amendment' to a real estate contract?
AThey are interchangeable terms
BAn addendum adds new terms to the original contract before execution; an amendment modifies an existing, already-executed contract✓ Correct
CAn addendum changes the price; an amendment changes other terms
DAn amendment requires court approval; an addendum does not
Explanation
An addendum is attached to and becomes part of a contract before or at signing, adding terms. An amendment is a mutual written modification to an already-executed contract, changing previously agreed-upon terms.
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