Group of answer choices.
a. Not alter the documents and should request new documents be drawn
b. Not alter the documents without first calling the contracting company for permission
c. Correct the documents
d. Have the signer correct the documents
Answer:
b. Not alter the documents without first calling the contracting company for permission
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
A lender refers to an individual or financial institution that gives an amount of money (with an interest) such as loans to a borrower, with an agreement between the two parties stating when the borrower is expected to pay back the debt.
In this scenario, signer indicates the address stated in the closing documents is incorrect. The lender’s representative confirms the mistaken address in the documents and authorizes the signer to correct the address. Based on this confirmation, the agent may not alter the documents without first calling the contracting company for permission.
First of all, the signing agent would have to inform the contracting company and the lender’s representative about any request from the signer to alter or add anything to the closing document. Subsequently, if granted the authority in writing to make changes the document, the signing agent may then proceed to alter the document.
