Contracts
In Maryland, what is the purpose of an addendum to a purchase contract?
ATo cancel the contract
BTo add, modify, or clarify terms not addressed in the original contract✓ Correct
CTo extend the listing agreement
DTo transfer the contract to a third party
Explanation
An addendum modifies, adds, or clarifies specific terms of the original contract. It is signed by all parties and becomes part of the purchase agreement.
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