Suppose two parties to a contract that is under the UCC decide to make a significant change in the contract, obligating the seller to provide more goods. When the terms of the contract change, it requires:
A) fair market value consideration
B) at least nominal consideration
C) trade usage consideration
D) signing a new contract to evidence the willingness to change
E) none of the other choices
Correct Answer:
Verified
Q217: Under UCC Article 2, terms regarding payment,
Q218: A buyer and seller have been doing
Q219: A buyer and seller have been doing
Q220: Lisa mailed an offer to sell cotton
Q221: Under UCC Article 2, when there is
Q223: Under the common law, contract modifications must
Q224: According the UCC's statute of frauds all:
A)
Q225: To be a valid contract, the writing
Q226: To satisfy the Statute of Frauds under
Q227: Under the UCC, oral testimony:
A) may contradict
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents