Contracts
An addendum to a purchase agreement is best described as:
AA document that cancels the original purchase agreement
BA written addition that modifies or supplements the terms of the original contract✓ Correct
CA verbal agreement between the parties
DA disclosure form required by law
Explanation
An addendum is a written document that adds to, modifies, or clarifies the terms of an existing contract. It becomes part of the contract when signed by all parties.
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