Contracts
A Mississippi seller accepts a buyer's offer but forgets to initial an addendum that modifies one term of the contract. This may result in:
AThe entire contract being void
BA dispute about whether the addendum was agreed to; best practice is to have all parties initial all modifications✓ Correct
CThe addendum automatically becoming binding
DThe addendum being ignored and the original terms controlling
Explanation
Failure to initial modifications to a contract can create ambiguity about whether the changes were agreed to by all parties. Best practice requires all parties to initial all modifications, additions, or deletions in a contract to avoid disputes about what was actually agreed upon.
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