Question: Please explain the following statement. Assume that a contract for the sale of goods is modified. New consideration need not to present for the modification

Please explain the following statement.

Assume that a contract for the sale of goods is modified. New consideration need not to present for the modification to be binding if the transaction is governed by the UCC.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!