What document, signed by all parties to a sales contract, changes the original terms?

What document, signed by all parties to a sales contract, changes the original terms?

• A. Annexation
• B. Amendment
• C. Addendum
• D. Appurtenance

Answer: (B)

Modifying a sales contract requires a document that changes the terms and is signed by all parties so it becomes part of the agreement. This is an amendment. It explicitly updates or replaces existing provisions—like price, closing date, or contingencies—with the parties’ mutual consent. An addendum, while it is signed, typically adds information or terms without altering the current terms. Annexation relates to acquiring additional land or territory, and an appurtenance is a property accessory that runs with the land, not a contract change.

Modifying a sales contract requires a document that changes the terms and is signed by all parties so it becomes part of the agreement. This is an amendment. It explicitly updates or replaces existing provisions—like price, closing date, or contingencies—with the parties’ mutual consent. An addendum, while it is signed, typically adds information or terms without altering the current terms. Annexation relates to acquiring additional land or territory, and an appurtenance is a property accessory that runs with the land, not a contract change.