Which statement is correct regarding a closing and the purchase agreement when a written amendment exists?

Which statement is correct regarding a closing and the purchase agreement when a written amendment exists?

• A. A closing may be conducted contrary to the purchase agreement only if there is a written amendment between buyers and sellers
• B. A closing cannot occur if amendments exist
• C. A closing must always follow the original agreement
• D. A closing can be postponed indefinitely

Answer: (A)

The key idea is that the terms guiding a closing come from the contract as it currently stands, including any written amendments. When both buyers and sellers sign a written amendment, that document modifies the original purchase agreement and becomes the new basis for the closing. So, the closing can proceed with terms that differ from the original contract, as long as those changes are contained in a signed amendment. Verbal changes don’t count; only a written amendment ratified by both parties changes what the closing will reflect. This is why a closing may be conducted contrary to the original purchase agreement only if there’s a written amendment between the buyers and sellers—the amendment updates the contract, and the closing must follow the updated terms. If no amendment exists, the original terms govern, and deviations aren’t binding. The other choices imply limits that aren’t accurate: an amendment doesn’t prevent a closing, the closing isn’t required to follow the original exactly when there’s a valid written amendment, and there’s no justification for postponing indefinitely.

The key idea is that the terms guiding a closing come from the contract as it currently stands, including any written amendments. When both buyers and sellers sign a written amendment, that document modifies the original purchase agreement and becomes the new basis for the closing. So, the closing can proceed with terms that differ from the original contract, as long as those changes are contained in a signed amendment. Verbal changes don’t count; only a written amendment ratified by both parties changes what the closing will reflect.

This is why a closing may be conducted contrary to the original purchase agreement only if there’s a written amendment between the buyers and sellers—the amendment updates the contract, and the closing must follow the updated terms. If no amendment exists, the original terms govern, and deviations aren’t binding. The other choices imply limits that aren’t accurate: an amendment doesn’t prevent a closing, the closing isn’t required to follow the original exactly when there’s a valid written amendment, and there’s no justification for postponing indefinitely.