Contracts
What is the legal effect of a contract addendum?
AIt voids the original contract
BIt modifies or adds terms to the existing contract while keeping the original in force✓ Correct
CIt creates a separate, independent contract
DIt extends the expiration date of the original contract only
Explanation
An addendum modifies, adds, or changes terms in an existing contract. Both parties must sign the addendum, and it becomes part of the original contract.
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