Under the UCC, if a party modifies a proposed sales contract, new consideration must be provided for the change for a contract to be formed.

Question

Quizplus · Accepted Answer

Under the UCC, modification of a sales contract can be made without requiring new consideration as long as it is made in good faith. This is known as the "modification without consideration" rule, which applies to contracts for the sale of goods. However, if the modification is made in bad faith, or if the parties had originally intended that the modification required new consideration, then new consideration would be necessary for the modification to be enforceable.

Under the UCC, If a Party Modifies a Proposed Sales