Question: At common law, does a modification of a contract have to be supported by new or additional consideration from the party benefiting from the modification?

At common law, does a modification of a contract have to be supported by new or additional consideration from the party benefiting from the modification? Why or why or not? Is the law different under the Uniform Commercial Code? If so, how and why? Should additional consideration be required from the party benefiting from a modification, if the modification is to be enforceable in court? Explain.

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