Contracts
In Rhode Island, what is an 'addendum' to a purchase contract?
AA court-ordered modification
BA document attached to the contract that adds or modifies terms and is incorporated into the agreement✓ Correct
CA notice of termination
DThe closing statement
Explanation
An addendum is a document attached to and incorporated into a contract that adds, clarifies, or modifies specific terms. Both parties must sign the addendum for it to be binding.
Related Rhode Island Contracts Questions
- In Rhode Island, what is a 'counteroffer' in the context of a real estate transaction?
- A Rhode Island seller accepts a buyer's offer, but the acceptance is communicated after the offer's stated expiration date. This acceptance is:
- What is a 'force majeure' clause in a Rhode Island real estate contract?
- In Rhode Island, the 'time is of the essence' clause in a purchase and sale agreement means:
- In Rhode Island, what is a 'purchase and sale agreement' (P&S)?
- What is a 'home sale contingency' in a Rhode Island purchase contract?
- In Rhode Island, earnest money held by a real estate broker must be deposited into:
- A contingency in a real estate contract allows a party to:
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →