Contracts
What is the legal effect of an addendum to a South Carolina real estate contract?
AIt voids the original contract and starts fresh
BIt modifies or adds terms to the original contract✓ Correct
CIt is only effective if notarized
DIt replaces the purchase agreement entirely
Explanation
An addendum modifies, clarifies, or adds terms to an existing contract without voiding the original. Both parties must sign the addendum for it to be binding.
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