Q: does 2nd addendum to purchase agreement supersede first addendum?
we have signed agreement to sell house. with addendum including appraisal guarantee - that buyer will pay the difference if appraised price is lower than agree-upon price. 2nd addendum includes other concessions like home warranty. all addenda seem to state clearly that they supersede any conflict in the purchase agreement. the question: if the appraisal guarantee is not mentioned in the 2nd addendum, does that mean the guarantee is no longer in place?
A: A purchase agreement can have multiple addendums. With each new addendum, the provisions found in the earlier purchase agreement and or addendums will remain unless they are specifically revoked.
Michael Zamzow and Kenneth V Zichi agree with this answer
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