Question

Seller's agents sometimes delete terms or provisions in a signed purchase agreement they have received by lining them out with a pen or covering them with white-out, called:

1) Redaction
2) Amendment
3) Cancellation
4) Modification

Answer 1

The correct term for the action of deleting terms or provisions in a signed purchase agreement by lining them out with a pen or covering them with white-out is redaction. Hence, option (1) is correct.

Step-by-step explanation:

The process of deleting or obscuring terms or provisions in a signed purchase agreement by lining them out with a pen or covering them with white-out is referred to as redaction. Redaction involves the removal or masking of specific information from a document, often to protect sensitive or confidential information. In the context of a purchase agreement, redaction may occur when certain terms are no longer applicable or when there is a need to modify the agreement based on negotiations or changes in circumstances.

An amendment is a formal change, cancellation involves terminating the entire agreement, and modification is a more general term referring to changes or alterations, which may or may not involve the termination of the entire agreement.