Contracts
In Tennessee, an 'addendum' to a real estate contract is used to:
ACancel the original contract
BAdd additional terms, conditions, or contingencies to the original contract✓ Correct
CReplace the original contract in its entirety
DTransfer the contract to a third party
Explanation
An addendum adds to the original contract without replacing it. It becomes part of the contract and must be signed by all parties.
Related Tennessee Contracts Questions
- In Tennessee, a 'kick-out clause' in a real estate contract allows the seller to:
- If a buyer's financing contingency is not met by the specified deadline and the buyer does not notify the seller, what is the likely result?
- Rescission of a contract means:
- Under Tennessee law, a real estate listing agreement that does not specify an expiration date is:
- A purchase contract's 'inspection contingency' typically gives the buyer the right to:
- An 'as-is' clause in a purchase contract generally means:
- A Tennessee real estate contract has a 'dispute resolution' clause requiring mediation before litigation. This clause is:
- A buyer defaults on a purchase contract that includes a liquidated damages clause. The seller's remedy is typically:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →