EXERCISE 9.1 Review exercise

A provision in a purchase agreement that makes closing the transaction conditional on a certain event occurring.

This is given by the buyer to the seller to demonstrate the buyer’s intent to complete the transaction.

If a buyer breaches a contract, the deposit may be treated as this.

This is a written contract modification made after the parties have already signed the purchase agreement.

The parties may include additional or changed terms in this attachment, which is added to a purchase agreement before it is signed.