Which statement is correct about modifying a purchase agreement?

Which statement is correct about modifying a purchase agreement?

• A. Only written amendments can modify the purchase agreement
• B. Oral amendments are valid
• C. Amendments require court approval
• D. Verbal agreements override the written

Answer: (A)

Modifying a real estate purchase agreement must be done in writing. Real estate contracts are governed by the principle that changes to them, including terms like price or closing date, should be documented in a written amendment signed by both parties. This protects everyone and ensures the modification is enforceable. Oral amendments often aren’t enforceable against a written contract, especially because the agreement falls under the statute of frauds, which requires a written modification to be valid. There is no general requirement for court approval to modify a contract, and verbal agreements do not override the terms that are written into the contract. So the proper approach is to use a written amendment to modify the purchase agreement.

Modifying a real estate purchase agreement must be done in writing. Real estate contracts are governed by the principle that changes to them, including terms like price or closing date, should be documented in a written amendment signed by both parties. This protects everyone and ensures the modification is enforceable. Oral amendments often aren’t enforceable against a written contract, especially because the agreement falls under the statute of frauds, which requires a written modification to be valid. There is no general requirement for court approval to modify a contract, and verbal agreements do not override the terms that are written into the contract. So the proper approach is to use a written amendment to modify the purchase agreement.