Contracts
A West Virginia addendum modifying a previously signed purchase contract is valid when:
AOnly the buyer signs the addendum
BBoth parties sign the addendum✓ Correct
CThe broker signs on behalf of both parties
DThe title company approves the change
Explanation
Any modification to a real estate contract requires the written agreement and signatures of all parties to the original contract. An addendum signed by only one party is not binding on the other party.
Related West Virginia Contracts Questions
- A West Virginia seller counters a buyer's offer at a higher price. The original offer is now:
- In West Virginia, which clause in a purchase contract establishes when risk of loss transfers from seller to buyer?
- A West Virginia purchase contract contains a time-is-of-the-essence clause. This means:
- In West Virginia, a lease for more than one year must be in writing to be enforceable under:
- Under West Virginia law, 'earnest money' deposited with a purchase contract is best described as:
- In West Virginia, the mailbox rule provides that acceptance of a contract offer is effective when:
- Under West Virginia contract law, which element is NOT required for a valid real estate contract?
- In West Virginia, a 'right of first refusal' clause in a lease allows the tenant to:
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →