Contracts
In New York, an 'addendum' to a real estate purchase contract is:
AA separate document replacing the original contract
BA written document attached to and made part of the contract, modifying or adding to the original terms✓ Correct
CAn oral agreement that supplements the written contract
DA notation in the contract margin signed by the broker
Explanation
An addendum is a written document that is attached to and incorporated by reference into the original contract, adding new terms, modifying existing terms, or attaching exhibits. In New York, any addendum to a real estate contract must be in writing (consistent with the Statute of Frauds) and signed by all parties to be enforceable.
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