Price's Department Store contracted to buy 1,000 drop-waist velour dresses in heather gray from TriColor.Subsequently,TriColor called and asked to ship mink-colored dresses instead of heather gray.Price agreed,in writing,to the change.Which statement is correct?

Question

Quizplus · Accepted Answer

The modification is enforceable because Price's Department Store agreed to the change in writing, indicating that both parties intended to modify the contract. Consideration is not required for modifications to be enforceable under the UCC, as long as there is good faith and no harm to the other party. The fact that the parties are merchants does not affect the enforceability of the modification.

Price's Department Store Contracted to Buy 1,000 Drop-Waist Velour Dresses