Contracts
An addendum to a purchase contract:
ACancels all prior terms of the original contract
BAdds or modifies terms while the original contract remains in effect✓ Correct
CReplaces the original contract entirely
DIs only valid if attached before the contract is signed
Explanation
An addendum adds to or modifies specific terms of an existing contract without canceling the original agreement. The addendum and the original contract together form the complete agreement. All parties must sign the addendum for it to be binding.
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