Asked by
Kaustubh Chavan
on Nov 29, 2024
Verified
The UCC provides that a contract for the sale of goods cannot be effectively modified without new consideration.
UCC
Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.
New Consideration
In contract law, additional or different terms, conditions, or considerations offered upon renegotiating or amending an existing agreement.
- Identify the requirements for a valid modification of contracts under both common law and the Uniform Commercial Code (UCC).
Verified Answer
GL
Learning Objectives
- Identify the requirements for a valid modification of contracts under both common law and the Uniform Commercial Code (UCC).
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