Like the common law, the UCC provides that the parties must exchange new consideration to modify an existing sales contract.

Name: Like the common law, the UCC provides that the parties must exchange new consideration to modify an existing sales contract.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

Unlike common law, the UCC allows modifications to a sales contract without requiring new consideration as long as the modification is made in good faith.

Like the Common Law, the UCC Provides That the Parties