The UCC provides that a contract for the sale of goods can be effectively modified without new consideration, provided the modification is made in good faith and both parties intend to modify the contract.

Question

Quizplus · Accepted Answer

This statement is true according to the UCC (Uniform Commercial Code) which governs sales contracts in the United States. Section 2-209 of the UCC allows for modifications without new consideration as long as they are made in good faith and with mutual assent from both parties.

The UCC Provides That a Contract for the Sale of Goods