Contracts
In Oregon, what is an 'addendum' to a purchase contract?
AA document that cancels the original purchase agreement
BAn additional written attachment that modifies or adds terms to the original contract✓ Correct
CA side agreement that is not part of the main contract
DA government form required for all real estate transactions
Explanation
An addendum is a written document that is attached to and made part of the original purchase agreement. It modifies, clarifies, or adds specific terms. Both parties must sign addenda for them to be binding. Common Oregon addenda include inspection addenda, financing addenda, and disclosures required by law.
Related Oregon Contracts Questions
- When an Oregon seller accepts a buyer's offer, the purchase agreement becomes:
- In an Oregon residential sale, which document typically contains the inspection contingency, earnest money details, and closing date?
- An Oregon purchase agreement contains the phrase 'seller to provide clear title at closing.' The most appropriate way to ensure clear title is for the buyer to:
- An Oregon purchase agreement contains an 'earnest money forfeiture' provision. Under what circumstances can a seller retain the buyer's earnest money?
- In Oregon, the 'mailbox rule' provides that acceptance of a contract offer is effective:
- In Oregon, what is the purpose of a 'use and occupancy agreement' (post-closing occupancy) in a real estate transaction?
- What is a 'specific performance' action that a seller might bring against a defaulting buyer in Oregon?
- What is an 'earnest money release' form in an Oregon real estate transaction?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →