Contracts
In New Mexico, an 'addendum' to a purchase agreement:
AReplaces the original purchase agreement entirely
BAdds new terms or modifies existing terms while the original agreement remains in effect✓ Correct
CVoids the purchase agreement
DIs only used for commercial transactions
Explanation
An addendum adds to or modifies the existing purchase agreement. Both parties must sign the addendum for it to be binding. The original contract remains in force except as modified by the addendum.
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