Question: 4. a. How does Article 2 of the UCC modify the common law of contracts with regard to consideration? b. Explain how output and requirements

4.

a. How does Article 2 of the UCC modify the common law of contracts with regard to consideration?

b. Explain how output and requirements contracts differ from illusory promises.

5. Discuss the concept of ratification and the ways in which a minor may ratify a contract. Give an example.

6. Identify at least six situations in which the parolevidence rule does not apply.

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