Question

The change should be initialed in the margin by the buyer before presentation to the seller

A) Buyer initials the change
B) Seller initials the change
C) Ignore initials
D) Skip changes

Answer 1

The correct answer is option A) Buyer initials the change.

Step-by-step explanation:

In the context of business transactions, when there is a change to a document like a contract or agreement, it is a general practice that the party who requests the change should initial the change in the margin. This action signifies that the individual acknowledges the alteration before the document is presented to the other party involved in the transaction, in this case, the seller.

Therefore, the correct action would be option A) Buyer initials the change. This is because the buyer is making a request for a change to the document. By initialing, the buyer shows that they have read and approved the modification before the seller is asked to review and potentially consent to it. Ignoring initials or skipping changes can lead to misunderstandings or disputes between the parties later on, so these steps should not be taken.