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Johnny wants the seller's patio furniture included in his purchase of a house. Before the offer is signed and delivered to the seller, he asks his agent to attach a page covering the furniture to the offer. That attached page is best described as:

Correct Answer

C) An addendum

An addendum is a document attached to a contract when the contract is written, adding terms the printed form does not cover. Because Johnny's offer has not been signed or delivered yet, the furniture page becomes part of the original agreement from the start. A change made after a contract is already in force would instead be an amendment, since there would be existing terms to modify.

Answer Options
A
An option
B
A novation
C
An addendum
D
An amendment
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Related Topics & Key Terms

Related Topics:

contract-executioncontract-modificationpurchase-agreements

Key Terms:

addendumamendmentpurchase agreementcontract modificationCAR forms

Related Concepts

Offer and acceptance is the process by which one party proposes specific terms for a contract and the other party agrees to those exact terms, creating mutual assent. This mutual agreement, also called a meeting of the minds, is an essential element of every valid contract.

An option contract gives one party the exclusive right, but not the obligation, to purchase or lease a property at a specified price within a specified time period. The buyer pays option consideration to keep the option open.

A purchase agreement is a legally binding contract between a buyer and seller that outlines the terms and conditions for the sale of real property. It is also commonly called a sales contract, purchase and sale agreement, or earnest money agreement.

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