Question

In a standard sales contract, several words were crossed out or inserted by the parties. To eliminate future controversy as to whether the changes were made before or after the contract was signed, the usual procedure is to:

Answer 1

Answer: insert both parties signature or initial in the margin near each change.

Explanation: When cancelations are made or words are being crossed out in a sales standard sales contract, withdrawal slip or financial document. It is imperative for the parties involved to either insert their initial or append their signature in the margin near each changes made. This will indicate that the changes were made the person with that signature or initial and forestall future controversy which could arise and quell issues of whether the changes were made prior or after the contract was signed.