Why does the Uniform Commercial Code $($UCC$)$ allow contracts to be modified without any additional consideration?

Multuple Choice

The UCC does not recognize the consideration requirement for the initial establishment of a contract for the sale of goods,

nor does not require consideration for the modification of a contract for the sale of goods.

The UCC recognizes that the additional consideration requirement for modification of a contract for the sale of goods is

already established by the common law.

The UCC recognizes that market conditions are not static and that the parties may have good faith reasons for modifying a

contract without having to comply with some additional legal burden to continue its enforceability.