Please explain the following statement.
Assume that a contract for the sale of goods is modified....
50.1K
Verified Solution
Link Copied!
Question
Operations Management
Please explain the following statement.
Assume that a contract for the sale of goods is modified. Newconsideration need not to present for the modification to bebinding if the transaction is governed by the UCC.
Answer & Explanation
Solved by verified expert
3.9 Ratings (744 Votes)
A Thumbs Up Would be really helpful for me If you have any questions please leave a comment and I will get back to you as soon as possible The above statement means that we modify a contract then we need not specify any new consideration if the transaction is under UCC Uniform Commercial
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!