Contracts
In Michigan, an 'amendment' to a signed purchase agreement differs from an addendum because:
AAmendments add new terms; addenda modify existing terms
BAn amendment modifies existing agreed-upon terms; an addendum adds new terms or provisions✓ Correct
CThey are legally identical
DAmendments require notarization; addenda do not
Explanation
In Michigan practice, an amendment changes already agreed-upon terms (e.g., extending the closing date, modifying the price), while an addendum adds new provisions not covered in the original agreement. Both must be signed by all parties.
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