Question: The UCC requires a contract modification to be supported by new consideration. a . True b . False

The UCC requires a contract modification to be supported by new consideration.
a. True
b. False
The UCC requires a contract modification to be

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!

Q:

Hari has income of $6,000. Wine costs $6 per glass, and cheese costs $12 per pound. Draw Haris budget constraint with wine on the vertical axis. What is the slope of this budget constraint?

Q:

the U.C.C does not require a contract modification to be supported by new consideration. A. True B. False

Q:

The Uniform Commercial Code ( UCC ) requires a contract modification to be supported by new consider True or False

Q:

The Uniform Commercial Code ( UCC ) requires a contract modification to be supported by new consider True or False

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

The U.C.C. does not require a contract modification to be supported by new consideration. Group of answer choices A. True B. False

Q:

QUESTION 15 the lumberyard, a store employee used a forkift to place the beam in the back of Jacobs that it was store policy not to secure loads for customers. Jacobs, who did not get out of went to...

Q:

Question 5 7 ( 1 point ) Listen The Uniform Commercial Code does not require a contract modification to be supported by new consideration. True False

Q:

Harmon executed a written contract with Boski to purchase an assorted collection of shoes for $3,000. A week before the agreed upon shipping date, Boski called Harmon and said, "Due to a sudden...

Q:

The 2012 and 2011 comparative balance sheets and 2012 income statement of Summer Time Supply Corp. follow: Summer Time Supply had no non-cash investing and financing transactions during 2012. During...

Q:

Explain how to test a population proportion p.

Q:

Question 1 Carera Corporation uses a predetermined overhead rate based per direct labour - hour. This predetermined rate was based on 1 5 , 0 0 0 estimated direct labour - hours and $ 2 7 0 , 0 0 0...

Q:

What is an example of constructive feedback? provide reference